Raising interest rates will only damage Britain’s economy
Shadow Monetary Policy Committee quoted by the BBC
Shanker Singham in the Telegraph
Shadow Monetary Policy Committee quoted in the Independent
The Independent quoted:
“The UK economy is on the precipice of a sharper slowdown. There has already been a contraction in the money supply, with less liquidly available for loans, lower house price inflation, and slowing economic activity, as shown in the sharp fall in the Purchasing Managers’ Index (PMI) for manufacturing.”
You can read the full article here.
The SMPC’s decision was also featured in The Sun, Daily Business, The World News, and Politico. The SMPC’s full meeting minutes can be read here.