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.
Bank of England
The Bank of England is blind to the financialisation of commodities
The Bank of England is blind to the financialisation of commodities, explains Cormac Hollingsworth.
The Bank of England is like a lifeguard who’s afraid of rubber rings
Cormac Hollingsworth asks what use the Bank of England is if it’s afraid of one of the key tools in its arsenal
In Defence of Quantitative Easing
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.
What does QE3 mean for the real economy?
Ben Fox analyses what the latest round of quantitative easing means for the real economy
Implementing Vickers won’t stop the next crisis
Josh Ryan Collins writes that the Vickers report, which is aimed at propping up bad banking, needs to go further, and encourage the creation of good banking: local, fair, safe banks, that aren’t too big to fail
Will quantitative easing work this time?
George Irvin runs the rule over the aims of the latest round of quantitative easing, and asks whether it will work for a second time.
Higher inflation should not lead to an increase in interest rates
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.
Break up Britain? It’s time the coalition took a different path
Ed Jacobs gives a moving analysis of the fragmentation of UK society caused by growing inequality as a result of government economic and social policy.
‘Misery index’ set to move even higher in coming months
Tony Dolphin looks at today’s Bank of England Inflation Report.