Bank of England set to brush off calls to pump more funds into economy

With inflation outstripping wages and a raft of benefit cuts to due in 2013, household incomes are likely to shrink, analysts warn The Bank of England will resist calls this week to pump extra funds into the economy despite concerns that a recent decline in manufacturing production and the weak construction sector could force the UK into a triple dip-recession. Policymakers at the central bank will debate how to generate growth after more than three years of falling living standards. With inflat...