War in Iran is beginning to impact on household costs in the UK, writes DARREN POLSON The intensifying Middle East conflict is first and foremost a humanitarian crisis for the region. Communities across Iran and neighbouring states now face the daily uncertainty of further escalation, with this rightly dominating international attention. For the UK, the […]
interest rates
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 […]
Interest rate rises are a blunt weapon
AS I SEE IT: TERRY MURDEN says there is no certainty that rate rises will solve the inflation problem Just as the country has been basking in heatwaves and enjoying medal-winning sporting success, Bank of England governor Andrew Bailey has been doing his best to ruin everyone’s summer. He’s put the economy on a recession […]