Higher interest rates mean the end of the party for property
As owners are forced to pay double or triple the interest on their mortgage, many will sell up.
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Economics
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Economics
Why has the Bank of England raised interest rates when a recession is inevitable?
The Bank’s pursuit of lower inflation means a new economic headache: business closures and much higher unemployment.
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The real fantasy economics is Rishi Sunak’s claim that spending cuts are unavoidable
The fiscally responsible approach is to build a strong economy through public investment and tax increases on the wealthy.
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Nouriel Roubini: a new Great Depression is coming
The economist who predicted the 2008 crash warns that a combination of uncontrolled inflation and ballooning debt will push the…
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Rishi Sunak’s “grown-up” austerity is a gift to the wealthy
The Prime Minister is serving the corporate and financial zombies kept alive for so long by low interest rates.
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Rishi Sunak cannot save the housing market
The Prime Minister has done more than most to encourage new buyers into a needlessly overheated market.
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When finance and oil collide
Central banks are being pulled in opposing directions by energy inflation and market instability.
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Tories must admit the lies of Brexit to save the economy – and themselves
The new prime minister will have to be brave, but there is a chance to change course and abandon this…
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