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We spoke to Dr Sushil Wadhwani, a former member of the Bank of England’s Monetary Policy Committee.
Has the Bank’s Monetary Policy committee made the right call in forcing us to swallow the bitter pill of raising interest rates to tackle inflation?
Joining us from Florida is the former member of Bank of England’s Monetary Policy Committee, David Blanchflower.
The Bank of England came close to delivering a big shock today, when three members of its Monetary Policy Committee voted to raise interest rates.
Siobhan Kennedy
At least one member of the Bank of England’s monetary policy committee voted for an increase in interest rates in the August meeting, the minutes of the meeting reveal today.
The Bank of England keeps interest rates on hold, with the Monetary Policy Committee voting to maintain the Bank’s base rate at 0.5 per cent for the 27th month in a row.
The Bank of England lowers its growth forecast and signals a rise in interest rates to tame inflation – but Faisal Islam says the Monetary Policy Committee cannot agree on the way forward.
The Bank of England has raised interest rates for the twelfth time in a row. FactCheck takes a look.
The Bank of England has raised interest rates to 4%. But why have rates increased and what does it mean for mortgage holders? Let’s take a look.
At a time when the economy faces a growing threat from the Omicron surge, the Bank of England has hiked interest rates for the first time since the start of the pandemic. They’ve risen from their historic low of 0.1% to 0.25%.
We were joined by David Blanchflower, a former member of the Bank of England Monetary Policy Committee who is now an economics professor at Dartmouth University, and Rupert Harrison, who was former chancellor George Osborne’s chief of staff from 2010 to 2015 – and is now at the BlackRock investment firm.
John McDonnell has dismissed the prospect of a potential Labour revolt over economic policy, but admitted that his dramatic U-turn on the fiscal charter may have “confused” Labour MPs.
Following China’s “Black Monday” jittery global financial markets begin to recover – but do we all need to start worrying about China?
There are few MPs who can claim to have benefited from the expenses scandal but the new Culture Secretary Sajid Javid is perhaps one of them.
Unemployment falls by 125,000 to reach 2.34 million, with the number of people claiming out-of-work benefits also declining as the economy recovers from recession.