UK Business

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why plans to reform the Bank of England won't help it stop spiralling inflation

Written by Shampa Roy-Mukherjee, Associate Professor in Economics, University of East London

The Bank of England, Londonaslysun / Shutterstock

The UK cost of living crisis has been building since early 2021. At 10.1%, the current rate of consumer price inflation is the highest in 40 years and the Bank of England believes it could pass 13% in October.

The pressure of price inflation on UK household budgets has been compounded by the fact...

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