Tag: inflation

Bank of England needs to act now to tame the inflation tiger

It’s not often I agree with the International Monetary Fund (IMF), but their latest warnings on the risks of inaction from the Bank of England could not have been more timely. The jump in consumer price inflation to 5.1 per cent in November has already taken it well above the figure of 4.5 per cent … Continue reading Bank of England needs to act now to tame the inflation tiger →

UK economy to catch up by Christmas

Most of the coverage of the latest UK GDP figures has been downbeat. Two headlines sum up the responses: ‘the best of the recovery is behind us’, and ‘the UK economy has reclaimed its status as the G7’s laggard’. ‘Stagflation’ is back on the agenda again too. I would rather focus on the positives, but let’s begin … Continue reading UK economy to catch up by Christmas →

How to solve a problem like the ‘triple lock’

Few subjects are as touchy as the annual increase in the state pension. My own view is that it would be right to tweak the ‘triple lock’ this year, but wrong to scrap it completely - at least until we have come up with something better. Just in case you have been on the Moon, … Continue reading How to solve a problem like the ‘triple lock’ →