The Bank of England is deliberately seeking to make households poorer and increase unemployment through its blunt, ineffective rate-rise policy. David Spencer is Professor of Economics and Political Economy at the University of Leeds. Muhammad […]
Interest rates were attached to Quantitative Easing, so that banks get interest on money created by the BoE, in which they have done nothing to earn. Now interest rates are rising, and those banks are […]
In this letter, Fran Boait, Executive Director at Positive Money, Jeevun Sandher, Head of Economics at the New Economics Foundation, and Katie Kedward, Policy Fellow in Sustainable Finance at the UCL Institute for Innovation and […]
The Bank of England is engineering a recession because it believes it will reduce inflation and weaken the spirits of the workers’ movement Read the article here.