Bank rate rises edge UK closer to recession
4 August 2023
SUGGESTED
In the Media
Julian Jessop quoted by ExecReview
4 August 2023
In the Media
Shadow Monetary Policy Committee quoted by The Negotiator
4 August 2023
Housing and Planning
Shadow Monetary Policy Committee featured in ITV
The IEA’s Shadow Monetary Policy Committee’s fears surrounding the detrimental impacts of the Bank of England’s recent round of rate rises have been featured in ITV news.
ITV wrote:
“Economists at the Trades Union Congress and the Institute of Economic Affairs (IEA), however, had been urging the Bank to avoid another increase help stave off a recession.
“Trevor Williams, chair of the IEA’s Shadow Monetary Policy Committee, said previous increases have not yet had chance to bring down prices, and ‘further rate rises by the Bank of England are unnecessary and could do some economic damage without lowering inflation any faster.’”
You can read the full article here.
The SMPC’s full meeting minutes can be read here.
ITV wrote:
“Economists at the Trades Union Congress and the Institute of Economic Affairs (IEA), however, had been urging the Bank to avoid another increase help stave off a recession.
“Trevor Williams, chair of the IEA’s Shadow Monetary Policy Committee, said previous increases have not yet had chance to bring down prices, and ‘further rate rises by the Bank of England are unnecessary and could do some economic damage without lowering inflation any faster.’”
You can read the full article here.
The SMPC’s full meeting minutes can be read here.
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