In an important speech in Liverpool in 2016, Mark Carney defended the Bank of England (BoE) against the charge that QE has caused inequality …
In the News
UK Household Debt has Reached Unsustainable Levels (Video)
Consumer and student debt in the UK have reached unprecedented levels and are a warning that austerity could lead to a new financial crisis, …
The banking system is designed to fail (Financial Times)
Banking remains less safe than it could reasonably be. That is a deliberate decision, writes Martin Wolf, Chief Economics Commentator of …
The UK economy is hooked on rising asset prices. What happens when the bubble bursts?
UK household real wages have just experienced their worst decade since the 1860s, and are still falling. A concern is building that a …
Making monetary policy work for economic justice
Welcome news this week came from the IPPR Commission on Economic Justice with the publication of their interim report. Prominent voices in …
Radical idea to transform the economy (Financial Times)
Policies since the financial crash have been timid compared with historic examples, writes Martin Sandbu in his article published in the …
Nothing normal about the “new normal”
The Bank’s decision to keep interest rates at 0.25% last week may seem like business as usual. But there’s nothing normal about the way that …
Nothing normal about the “new normal”
The Bank’s decision to keep interest rates at 0.25% last week may seem like business as usual. But there’s nothing normal about the way that …
Bank of England is alarmed about the increase of personal debt
The Bank of England has been warned of complacency over the big rise in personal debt. In its toughest warning yet about the possibility of …