We’re getting poorer at a slightly slower rate than last month
Inflation has fallen to 8.7 per cent, but prices – especially food – are still rising dangerously.
ByBank of England
Read all the New Statesman’s comment and analysis on the Bank of England. For related content, go to our Inflation and Interest rates section pages.
The scourge of greedflation
A fifth of the UK is going hungry. Yet this is a crisis the political class seems unable to grasp.
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“It’s a gravy train”: one surveyor’s fight to fix Britain’s leasehold system
For two decades, leaseholders are said to have been overpaying by up to £500m a year
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Interest rates are fuelling a great banking rip-off
As the Bank of England tries to fight inflation, commercial banks are enjoying bumper profits.
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We are poorer – but what are our politicians doing about it?
Labour and the Conservatives promise high economic growth but have no plans equal to the scale of the task.
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Why didn’t Huw Pill point the finger at “greedflation”?
The furore over the chief economist’s comments suggests the Bank of England should be more open about the causes of…
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Are zero interest rates coming back?
Did the IMF really predict the return of zero rates, or has it been misread?
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Why Britcoin isn’t the answer to a banking crisis
We should be wary of suggestions that centralise the risk in depositing and lending money.
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The dirty secret behind the cost-of-living crisis
It isn’t wage rises that are fuelling high inflation – it’s profiteering by large corporations.
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Britain’s rising inflation has a hidden cause: corporate greed
Inflation has risen to 10.4 per cent, driven in part by corporate profit-seeking.
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Interest rates have not peaked
Persistent core inflation and a recovering economy mean further hikes are likely.
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Inside the Silicon Valley Bank UK crisis
The collapse of SVB UK would have been an “extinction-level event” for his business, one entrepreneur says.
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Public sector pay rises would not drive inflation, say leading economists
Christopher Pissarides, the Nobel prize-winning economist, says the government is misrepresenting the effects of pay rises.
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Today’s global economy may look like that of the 1970s, but the crises we face are worse
Drawing parallels between recent price shocks and the fiscal turbulence of 50 years ago is misleading.
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Why the economy is threatened by early retirees
Droves of over-50s leaving the workforce may have led to entrenched inflation and a lower tax take – ramping up…
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This Brexit truce was inevitable
Hardliners may squeal, but as the economy suffers the UK needs to reevaluate its relationship with its biggest trading partner.
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Britcoin is a weird and dangerous idea
The government seems not to fully understand the implications of a “digital pound”.
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Who sets our interest rates – the Bank of England or the US Federal Reserve?
The UK is raising rates in line with America, but our economy seems headed in a different direction.
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Is it just coincidence that a gloomy IMF forecast arrives on the anniversary of Brexit?
We are living with uncertainty, regulatory chaos, and a “Brexit state of mind” – once invoked as a reason to…
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Cheap energy bills aren’t coming back this decade
Forecasts suggest volatile prices and the UK’s poor gas storage infrastructure mean costs will remain high until after 2030.
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