Monetary Policy Committee

Policymakers risk the UK economic recovery stalling if they fail to address its "undue reliance" on consumer spending, the British Chambers of Commerce has said.

SPECIAL REPORT

With markets having wobbled at the start of 2014, Stephanie Flanders, chief market strategist for UK and Europe at J.P. Morgan AM, analyses the global recovery and tells Investment Week where the next investment opportunities may lie.

The recovery of the British economy is now "sustainable and self-confirming", according to David Miles, an external member of the Monetary Policy Committee.

UK

ECONOMICS

Bank of England Governor Mark Carney is an advocate of the virtues of communication, but he may have already backed himself into a corner in his attempt to set out a clear policy path.

The Bank of England has opted against further quantitative easing at Mervyn King's final Monetary Policy Committee meeting, dashing the governor's hopes of more stimulus.

The Bank of England has held interest rates for the 50th month in a row and opted not to increase the size of its QE programme at its May meeting.

Mervyn King, the outgoing governor of the Bank of England, has warned central banks risk becoming more politicized as a result of their efforts to tackle the banking crisis and subsequent recessions.