IEA Economics Fellow Julian Jessop has been quoted in The Guardian responding to comments by Huw Pill urging Britain to accept that it is poorer as a consequence of high inflation.

The article said:

“Julian Jessop, the former chief economist of the Institute of Economic Affairs, said Pill’s remarks were “insensitive” and added to the sense that the Bank was “asking households and businesses to control inflation, when that’s its job”. Jessop added there was little evidence of a wage-price spiral.”

Read the full piece here.