The Bank of England is in danger losing its credibility, the outgoing Monetary Policy Committee member Andrew Sentance has told Sky News.
In an exclusive interview on Jeff Randall Live, Mr Sentance said he was concerned that the British public is losing faith in the Bank's ability to rein in soaring inflation.

"I think is that there is a big risk now emerging to credibility of the Bank," he said.

"If inflation does not come down in the way that the Bank is suggesting - and I think there is a big risk that is the case - than that is going to have a big knock on effect on the credibility of the bank's commitment to its inflation target."
:: Doughnut chain Krispy Kreme is to double its number of UK stores over the next five years as the country's swelling demand for sweet treats continues.
The company, which produced more than 50 million doughnuts for UK customers in the year to January, aims to open 10 stores a year.

The plans will see total stores double from 47 to nearly 100 by 2016.
Krispy Kreme - which first came to the UK in October 2003 through a concession in Harrods department store - will open its next store in Leeds in...Read more HERE