UK Business

crashing the economy is no way to bring down inflation

Written by David Spencer, Professor of Economics and Political Economy, University of Leeds

It won't hurt a bit. Kevin CC

The Bank of England (BoE) has raised interest rates once again to 5.25%, mirroring similar moves by the Federal Reserve and the European Central Bank. The fact that the UK is still suffering from high inflation – higher than either the US or eurozone – made another rate rise appear inevitable.

Yet there are...

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