I recorded a podcast for the Institute of Economic Affairs (IEA) on Friday 6th May on UK inflation, definitions of 'recession' and 'stagflation', and what more the Bank of England could (and should) have done. You can listen here... https://ieapodcast.podbean.com/e/interest-rates-how-to-control-inflation/
Tag: bank of england
Brexit is not to blame for the surge in UK inflation
Ouch! It looks increasingly likely that the headline measure of consumer price inflation is going to start with a '9' in April...
Is the UK government really about to spend £83 billion on debt interest?
In his Spring Statement speech the Chancellor made the eye-catching claim that ‘in the next financial year, we’re forecast to spend £83 billion on debt interest’. This £83 billion figure was widely understood to be the amount that the government would actually pay out in interest in 2022-23. This has prompted lots of unfavourable comparisons … Continue reading Is the UK government really about to spend £83 billion on debt interest?
Bank of England gets it right
The Bank of England’s Monetary Policy Committee has decided that continued inaction this month in the face of soaring inflation would do far more damage in the longer term than a small increase in UK interest rates now. The Bank has also ended the expansionary phase of ‘quantitative easing’. The MPC voted to maintain the … Continue reading Bank of England gets it right
Plain-speaking Economics 