how a different approach could ease the burden of the cost of living crisis
- Written by Özlem Onaran, Professor of Economics, University of Greenwich

The latest annual inflation rate rise to 4% has dampened expectations about how soon the Bank of England might start cutting interest rates. Marginally higher than the previous month’s figure of 3.9%, it was a surprise to some economists.
This adds to the economic uncertainty which may make the Bank move cautiously. The...