Not Our Job to Prevent Recession (1): Bank of England
The Bank of England’s inflation mandate virtually guarantees recessions as higher interest rates repeatedly puncture house-price booms. What are higher
Continue readingCategory: Inflation
UK Energy Prices: Are We Dodging the Bullet?
The UK has been hit with an unexpected bill for energy of the order of £100bn. This is a one-off,
Continue readingOn Inflation
Because inflation is affected by delays in the economic system, it is cumulative and persistent. To minimise the depth of
Continue readingSolving the UK Energy Price Crisis
The UK energy price spike should be addressed directly and the rest of the economy isolated as much as possible
Continue readingRishi, Isn’t Inflation the Problem?
The Chancellor could have subsidised energy prices directly, which would not only have reduced inflation (depending how the ONS deals
Continue readingOff the Buses in Ealing
I reported yesterday that TfL is planning to increase fares on average by RPI+2 each year until 2018, and Travelcard
Continue readingOff the Buses
Boris has announced the 2012 London Transport fare increases already. Do we always get an announcement at this time of
Continue readingDissecting a Wolf, a Bean and a Vulcan
I see John Redwood was up bright and early this morning, blogging away. At 6:34am he posted that: “…the [cuts]
Continue readingThe Great Carry Trade
I was much taken by one of Larry Elliott’s pieces for the Guardian a couple of weeks back. Larry identified
Continue readingBus Fares, the Minimum Wage, Pensioners, and the Nonsense of RPI and CPI
BBC Radio 4 is more than usually surreal this morning. Unless my ears deceived me, they just broadcast a nursery
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