Economist, Visiting Professor, Lecturer, Writer, Public Speaker.
As expected by current financial markets pricing, the Bank of England (BOE) raised interest rates to 5% in June, half a per cent up from the May level of 4.5%. The increase was not unanimous, just as the previous one was not, with two members voting to leave rates at 4.5%. Interestingly, the two members …
Continue reading “Bank rate overkill? Could a 5% rise trigger recession?”
Labour Party leader, Sir Kier Starmer, recently suggested that a commitment to build more residential homes, including on green belt land, could form part of the Party’s manifesto as we head into the next election. Even the suggestion of building on green belt land is a significant departure from the two major parties’ usual rhetoric. …
Continue reading “Building the future – how new homes could unlock economic potential”
In recent weeks Bank of England officials have made comments which have garnered lots of attention. I want to focus on four of those because they show different aspects of the Bank of England’s views that economists usually debate without much public fanfare. But since they have gone public, it’s worth discussing them in this …
Continue reading “Bank of England in the news – its arguments do not stack up”