AS I SEE IT: TERRY MURDEN says the cause of Scotland’s sluggish growth may lie 400 miles away in Threadneedle Street Data released last week included the surprising news that in the first quarter of the year Scotland’s economy grew at four times the rate of the UK average. Naturally, both the Holyrood and Westminster […]
Bank of England
Why interest rate rises don’t cut it
AS I SEE IT: TERRY MURDEN asks whether hiking the cost of borrowing is doing more harm than good After eleven consecutive monthly increases the Bank of England may be preparing to apply the brakes on its aggressive interest rate policy. Mind you, there were similar expectations until this week’s surprise upturn in inflation which […]
Battling Omicron’s power of persuasion
AS I SEE IT: The new Covid variant is a test for both economic policy and public behaviour, says TERRY MURDEN ‘Everybody has a plan until you’re punched in the face’. So said former heavyweight boxing champion Mike Tyson. His quip was recalled last week by the Bank of England’s chief economist Huw Pill, noting […]