The Bank of England has been forced into a dangerous position
If investors believe the Bank is no longer able to control monetary policy, the UK’s economic crisis will deepen.
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Economics
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Economics
Dieter Helm: “Capitalism works best with a strong state”
The professor of economic policy at Oxford University discusses Trussonomics and system failure in the UK.
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The Bank of England is right to hold its nerve
It is not the job of central bankers to bail out a reckless government.
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Kwasi Kwarteng forgot that radicalism needs to be matched by credibility
As shadow chancellor I always remembered a crucial truth: the markets do not like surprises.
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How the pound has plummeted against the dollar
Sterling is now worth just $1.07 – a fall of almost 10 per cent in one month.
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Financial markets have rejected the Tories’ economic vandalism
The slide in sterling indicates that traders are cynical about Liz Truss’s big gamble on growth.
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The UK is heading for an economic calamity
Kwasi Kwarteng’s reckless Budget is set to trigger a surge in interest rates that will hurt households when they can…
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From the US, the UK’s economic policy appears senseless
In America the view that sterling is now an emerging market currency is not a meme but a widely-held sentiment.
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