Why the Bank of England should not increase interest rates in 2015
The case for keeping interest rates at their current level is compelling.
Bank of England
Austerity and the misspent QE trillions
Austerity has enriched multinational companies and the owners of financial and real assets, while grinding down the value of earned income, pensions and benefits.
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.
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?
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”.
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.
The coalition is in ‘growth denial’
The 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 oftest
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.
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?
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.