Charities, unions and debt experts warn interest rates rise could mean vulnerable people face ‘unmanageable debt’
‘The scarring effects may be felt for years to come, in the form of worse health and unmanageable debts.’
‘The scarring effects may be felt for years to come, in the form of worse health and unmanageable debts.’
The latest economic package won’t provide durable stimulus
The bank cut interests rates to a record low and expanded quantitative easing
Leader’s ten pledges include ‘full employment and an economy that works for all’
PFI contracts need to be thoroughly investigated, so we can return some of the money to schools and hospitals
The case for keeping interest rates at their current level is compelling.
In the absence of fiscal stimulus, that is an injection of government spending, and with interest rates at rock bottom, the alternative to quantitative easing is mass unemployment. We have no choice.
Consumer price inflation rose more than expected in April, reaching 4.5% – up from 4.0% in March – according to figures released earlier today by the ONS.
Fortunately, for now a majority on the MPC appear not to be too worried about a permanent increase in inflation expectations, writes ippr’s Tony Dolphin.
The Bank of England is right to focus on the future not the present, focusing on growth and employment, argues ippr’s Tony Dolphin.