could rise to as high as 5 per cent, according to the Bank of England’s Inflation report released today, which also included an upgrade to its economic growth forecast.
Estimates within the report show the level of inflation in the UK could rise to 5 per cent in the worst case.
The government of Slovenia has announced a package of measures it hopes will help avoid an EU bailout.
The measures include a tax increase, a major restructuring of Slovenia's ailing banking sector, and a programme of mass privatisation.
Slovenia's mostly state-owned banking sector is suffering from mounting bad debts and the government has struggled to borrow money.