At its February 2023 Monetary Policy meeting, the Bank of England signalled the peak in the Bank rate had been reached. What are the likely reasons for this? Ten interest rate hikes have taken the rate from 0.1% to 4%. The effect has been a housing market in sharp reverse, business failures beginning to rise, …
An omini-shambles of immense proportion
In a moment of hubris, or scenting what seemed like an opportunity, Theresa May called a UK general election believing the Tories to be unchallengeable. Her promises of stability and security now look especially ironic, as the UK faces yet another bout of political uncertainty. Challenges within the UK have hardened The challenges we had …