Week in Review - 24th June, 2011

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↓ Public Sector FinancesPublic sector net debt (excluding financial interventions) was £920.9bn (equivalent to 60.6% of GDP) at the end of May 2011. This compares with £778.9bn (53.8% of GDP) at the end of May 2010.
↔ MPC minutesThe newest member of the Bank of England's Monetary Policy Committee, Ben Broadbent, voted with the majority of the committee to maintain the base rate at 0.5%. He replaced Andrew Sentance who had been calling for a 0.5 percentage point rise in the base rate.
The week ahead
Tue 28th: GDP final cut; Business Investment; Balance of Payments
Wed 29th: Index of Services; Productivity; Lending to Individuals
Thu 30th: Retail sales; Credit Conditions

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