Interest rates are fuelling a debt crisis in the developing world
With more than half of low-income countries at or near debt distress, Western governments should immediately loosen the terms of…
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.
Why the UK is in a race to outrun persistent inflation
Those enjoying strawberries and cream beneath their plastic ponchos at Wimbledon this year may be unaware that they are taking…
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Is recession the Bank of England’s only choice?
UK and US central banks are faced with a dilemma: allow inflation to keep rising, or hike interest rates to…
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The ostrich economy is heading for a reckoning
Since 2008, politicians and bankers have kept recession at bay by pretending it wasn’t happening. That strategy is beginning to…
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Why the British state is a magic money tree
Government spending power is limited not by tax revenues or borrowing, but by the productive capacity of the UK economy…
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The UK government gave £450bn to the richest – it should take it back for the people
We need a wealth tax to redistribute the hundreds of billions of pounds that quantitative easing handed to the wealthiest.
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From the NS archive: What is inflation?
26 January 1935: inflation and what is not.
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Five ways the government failed to shield the UK from inflation
For all the Tories’ attempts to blame the Bank of England, Britain’s unique exposure to the crisis is caused by…
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The UK is sleepwalking into recession
Tory MPs are berating the Bank of England to distract from Brexit and other economic calamities.
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Andrew Bailey’s apocalypse
Your weekly dose of gossip from around Westminster.
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As UK inflation hammers the poor, we need a revolution in policy
Labour should back a plan to cap prices and rents, and cut profits not wages.
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The Tories are trying to blame the Bank of England for our economic crisis
MPs and ministers are looking for a scapegoat for the coming recession.
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It’s time to consider revoking the Bank of England’s “independence”
The bank’s fixation on inflation targets, regardless of the cost to society, is among New Labour’s worst legacies.
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Are the Bank of England’s inflation experts fit for purpose?
As the Monetary Policy Committee faces its greatest challenge, economists ask if it’s constrained by groupthink.
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What does the interest rate rise mean for the UK economy, house prices and savings?
The Bank of England has raised the base rate to 1 per cent to address high inflation.
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Why the Bank of England doesn’t want you to get a pay rise
The fact that Andrew Bailey is prepared to warn against pay rises is a sign of how worrying inflation has…
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How high will interest rates go?
Last time inflation was this high, interest rates were at 10 per cent. Could that happen again?
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As inflation spikes, Labour must seize the agenda to argue for a fairer economy
A wage policy for the public sector and a new regime for household energy are needed.
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Why raising interest rates won’t help the economy – but may harm central bank credibility
If small rates rises fail to hold down inflation, central banks may opt for more drastic measures that could lead…
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“Why are people so angry?” Minouche Shafik on how the pandemic will change society
The director of LSE and former deputy director of the Bank of England calls for a post-Covid rethink of our…
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