Tag Archives: Bank of England

Austerity and the misspent QE trillions

Pollutionj

Austerity has enriched multinational companies and the owners of financial and real assets, while grinding down the value of earned income, pensions and benefits.

Posted in Sustainable Economy | Also tagged , , , | 6 Responses

Taxpayers are looking increasingly exposed on the back of Co-op downgrade

This morning credit ratings agency Moody’s downgraded the Co-operative bank to Caa1. However the bank is still, as far as I am aware, open for business, despite the Prudential Regulation Authority (PRA) being told about the downgrade before the start of business today.

Posted in Sustainable Economy | Also tagged , , , , , , , | 7 Responses

Bank of England confirms rich made richer by QE

Will a politician have the courage to make the case for measures to deliberately redistribute from rich to poor if only to correct the redistribution that has taken place in the opposite direction as a result of QE?

Posted in Sustainable Economy | Also tagged , , , , , , , , | 4 Responses

Red Farage adopts Left economics

Nigel Farage, generally considered to be to the Right of the Conservative Party, is advocating expansionist Bank of England policies, and “maximum employment”.

Posted in Sustainable Economy | Also tagged , , | 6 Responses

Osborne under increasing pressure to move to the right

The chancellor George Osborne is coming under increasing pressure from tory back benchers and the governor of the bank of England to pursue a more right wing agenda.

Posted in Sustainable Economy | Also tagged , , , | 3 Responses

The coalition is in ‘growth denial’

TweetThe Bank of England is expected to downgrade its growth forecasts today while warning of more financial pain to come. As the graph shows, the growth trend in the UK economy has been downward since around the third quarter of 2010 – coincidentally, about the time George Osborne set out the coalition’s spending plans (20th […]

Posted in Sustainable Economy | Also tagged , , , , | 4 Responses

High inflation set to continue into 2014

The stubborn nature of inflation stops the Bank of England from acting, pushes living costs further up and is seemingly ignored by the government.

Posted in Sustainable Economy | Also tagged , , , , , | 18 Responses

Bank of England throws in the towel on growth – where does this leave Osborne?

The Bank of England appears to have thrown in the towel on growth with the publication of the latest Inflation Report, but where does this leave the chancellor?

Posted in Sustainable Economy | Also tagged , , | 5 Responses

0% growth forecast highlights need for stimulus to promote employment, growth and spending

The Bank of England’s latest warning that the economy has hit the buffers and will come grinding to a screeching halt later this year comes as no surprise.

Posted in Sustainable Economy | Also tagged , , , , | 18 Responses

Fickle King could have approved a similar “textbook” stimulus package in 2007

Sir Mervyn King heralded the chancellor’s £140 billion stimulus plan but rejected a similar plan when Labour were in power in 2007.

Posted in Left Foot Forward | Also tagged , | 16 Responses