A review of news over the past seven days, including thoughts on Burnham’s ambitions for a National Care Service and the case for a small increase in interest rates (“a stitch in time...?). Theme of the week Some first thoughts on Andy Burnham’s ambitions for a National Care Service (NCS)... There are four key questions. … Continue reading Weekly wrap – Is the NHS really a good model for social care?
Tag: money supply
Subdued money growth should limit inflation risks
The jump in UK inflation from 3.0% to 3.3% in March is obviously bad news but not quite as bad as some had feared (or at least no worse). In particular, the Bank of England had expected this number to be “close to 3½%” when interest rates were left on hold last month. Moreover, this jump can … Continue reading Subdued money growth should limit inflation risks
Why the Bank of England should sit tight this week
The UK interest rate decision this week is finely balanced – so much so that I was not even sure which way I would vote. Nonetheless, over the course of writing this piece I have persuaded myself to switch to ‘no change’, even though the actual decision is still likely to be a cut. This … Continue reading Why the Bank of England should sit tight this week
No, the MPC doesn’t have a time machine…
The larger than anticipated jump in UK inflation in April has prompted many to argue that the Bank of England’s Monetary Policy Committee will now be much slower to cut interest rates. But there is, of course, nothing that the MPC can do now about last month’s CPI. The right question to ask is what … Continue reading No, the MPC doesn’t have a time machine…
Plain-speaking Economics 