September 6, 2003	Saturday	Rajab 8, 1424

LONDON, Sept 5: The British economy appears to have sprung to life in the last few weeks but financial markets are probably getting ahead of themselves in pricing in a rise in borrowing costs this year.

Only two months ago the Bank of England cut interest rates to a 48-year low of 3.5 per cent as economists fretted about the global economy and British consumers reining in their free-spending ways.

They couldn’t have been more wrong.—Reuters