Tag: QE

The Treasury should look again at a simple option to save on debt interest

The latest monthly data on the UK’s public finances included the first of many payments from the Treasury to cover losses made by the Bank of England’s Asset Purchase Facility (APF). This may seem like an arcane subject, but the sums are huge and at least partly avoidable, so bear with me. First, the technical … Continue reading The Treasury should look again at a simple option to save on debt interest →

The Bank of England shouldn’t be above criticism

If you believe many of the comments in the broadcast media and from the City, Liz Truss is threatening to undermine the independence of the Bank of England and rip up a policy framework that has served us well for decades. One member of the Monetary Policy Committee (MPC), Michael Saunders, has already felt the … Continue reading The Bank of England shouldn’t be above criticism →

Podcast on UK inflation and monetary policy

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/