Interest Rates and Mini-Budgets Martina Seale On May 4th the Bank of England (BoE) decided to raise the Bank interest rate by 0.25% to 1%. The stated purpose of the increase is to help fight inflation. The logic that the BoE is following is really quite simple. Inflation is caused by demand for products being greater that the … Continue reading On Interest Rates and Mini-Budgets
interest rates
Quantitative Easing, or “How will you pay for it?’
Parliament Notes QE, or printing money, is capitalism’s cunning plan to overcome economic and financial crises. In the massive economic crisis of the 1930s, the US state financed public works with money it hadn’t ‘earned’ from taxes. The economies of the US and Europe have practised it since to avoid the worst disasters of the 2007/8 financial … Continue reading Quantitative Easing, or “How will you pay for it?’
Editorial – Budget Battle Lines
Editorial Budget Battle Lines The next UK budget is on 3rd March. We don’t know what position Sunak will take on the hugely increased fiscal deficit. Will he return to austerity policies quickly or defer for a year? Certainly the Labour Party response to Sunak’s budget will be an opportunity to clearly separate Labour from the Conservatives. There have … Continue reading Editorial – Budget Battle Lines
Labour Affairs 