Is this the end of the Tory era?
Liz Truss and Kwasi Kwarteng have handed Labour its biggest poll lead in decades – and Conservative MPs are terrified.
ByBank of England
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Zombie capitalism is unravelling
This crisis is a symptom of a broken model that relied on ultra-low rates to compensate for anaemic growth.
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No, Daniel Hannan, sterling isn’t crashing because the markets are scared of Keir Starmer
That market panic spiked at the exact moment of a Tory Budget has not made Hannan rethink his claim that…
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The Conservatives are destroying themselves – and the British economy
Even if Labour wins the next election it risks inheriting a wasteland after two more years of Tory government.
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The Bank of England has been forced into a dangerous position
If investors believe the Bank is no longer able to control monetary policy, the UK’s economic crisis will deepen.
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The Bank of England is right to hold its nerve
It is not the job of central bankers to bail out a reckless government.
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Kwasi Kwarteng forgot that radicalism needs to be matched by credibility
As shadow chancellor I always remembered a crucial truth: the markets do not like surprises.
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The UK is heading for an economic calamity
Kwasi Kwarteng’s reckless Budget is set to trigger a surge in interest rates that will hurt households when they can…
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From the US, the UK’s economic policy appears senseless
In America the view that sterling is now an emerging market currency is not a meme but a widely-held sentiment.
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Bankers can thank Brexit for their unlimited bonuses
The Chancellor is trying to keep talent in a financial sector that is losing ground to the EU.
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Why the Tories are suddenly into printing money and borrowing
This government has entered the strange world of Modern Monetary Theory: if a country can issue its own currency, it…
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The Tories are playing a dangerous game with the Bank of England
A financial crisis is coming and Liz Truss has the air of a gambler who bets the lot at the…
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Can interest rate rises reduce the UK’s “astronomical” inflation?
Inflation is now predicted to rise above 18 per cent, despite six consecutive rate rises by the Bank of England.…
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The UK’s inflation rate is higher than any other G7 country
Britain is the only major Western economy in which inflation has hit double digits.
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The top 1 per cent are the only group whose pay has grown faster than inflation
Pay growth at the top has reached 11 per cent while the bottom tenth of earners have seen their wages…
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UK households face worst fall in living standards for 60 years
Household incomes are set to fall by 3.6 per cent in 2022 and 4.3 per cent in 2023.
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The UK is going into recession, and even Liz Truss might not be able to save it
The power politicians and the Bank of England have to bring down inflation is sadly very limited.
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The Bank of England is recklessly driving the UK into a deep recession
Rate rises will do little to control inflation but they will dramatically increase the threat of mass unemployment.
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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…
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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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