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.
By![Are the Bank of England's inflation experts fit for purpose? Are the Bank of England's inflation experts fit for purpose?](https://dl6pgk4f88hky.cloudfront.net/2022/05/GettyImages-633145600.jpg)
New Times,
New Thinking.
As the Monetary Policy Committee faces its greatest challenge, economists ask if it’s constrained by groupthink.
ByThe Bank of England has raised the base rate to 1 per cent to address high inflation.
ByBritain is forecast to suffer the lowest growth and highest inflation in the G7.
ByRising prices are hitting the most important workers the hardest.
ByThe Russian president no longer has any interest in running a market economy or in spreading Russia’s wealth.
ByAs inflation hits 7 per cent, real wages are falling at the fastest rate since 2013.
ByBy failing to control prices, the government boosts profits and cuts wages. It’s a straight choice.
ByAs the CEO of Legal & General, Nigel Wilson controls huge investments in British housing, infrastructure and health.
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