Dave Gardner This article takes, as a starting point, the article by Martin Seale on how the Bank of England (BoE) manages inflation through manipulating interest rates with the byproduct being unemployment. Currently, the BoE manages inflation through the setting of an interest rate that keeps the inflation rate stable. The mechanism used is the … Continue reading How could the labour movement control inflation without increasing unemployment?
price increases
Inflation 2022
A Transitory Inflation? Martin Seale The price of many of the goods that the typical consumer buys is higher than it was a year ago. Is this inflation? The last time we had inflation in the UK was in the 70s and 80s. But is what happened then similar to what is happening now? In the early … Continue reading Inflation 2022
Labour Affairs 