As is usually the case, economists are divided following the Bank of England's decision to hike interest rates by 25 basis points to 0.75 per cent on Thursday.
As the Monetary Policy Committee (MPC) prepares to assemble for next week’s August meeting, many sceptics will be feeling that familiar sense of ‘here we go again’.
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Only a week ago, markets had priced the likelihood of a Bank of England (BoE) rate increase at 86 per cent.
In recent times, the contents of a Budget speech have seldom been a watertight secret. Indeed, certain proposals aren’t leaked to the media by accident.
The keys to Number 11 Downing Street are much coveted in British politics, and the role of Chancellor of the Exchequer is one which grants the chosen individual a great deal of power in shaping the future of the UK economy.
3,774 days. 82 Monetary Policy Committee (MPC) meetings. 10 birthdays. All that and more has passed by since the last increase to Bank of England (BOE) rates in July 2007.
Few elements of macroeconomics better underscore the frustrating sluggishness of the recovery than productivity stagnation.
In this blog, we’ve argued time and again in favour of the Bank of England increasing base rates, and always been the first to back Monetary Policy Committee members, who, at varying intervals over the past eight years, have explicitly or implicitly conveyed hawkish instincts.
One of the advantages of pensions is that they can, by design, be very simple from a management point of view.
