Richard MurphyThe Bank of England used the inflation crisis to boost the wealth of the wealthy, but did nothing at all to control inflation https://www.taxresearch.org.uk/Blog/2024/05/10/the-bank-of-england-used-the-inflation-crisis-to-boost-the-wealth-of-the-wealthy-but-did-nothing-at-all-to-control-inflation/ Look at the data in the latest in the last Bank of England forecasts and compare it with IMF-created data on the causes of inflation, and the conclusion is obvious. We never needed interest rate rises. But, now we have them, the Bank will not let them go, because they're far too popular with the rich and bankers.
The stock market is failing according to the CBI. So why don’t we just let it go?
I posted this on Twitter this morning: https://twitter.com/RichardJMurphy/status/1942861045426516103 My point is serious. The CBI is saying that the situation with regard to the UK stock exchange is getting desperate, because it is losing out to overseas markets and not attracting sufficient business. The question that needs to be asked is, why is that?...