Supply-side reform needed to tackle the difficult times ahead
5 August 2022
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Monetary Policy
In the Media
Christopher Snowdon quoted in The Mail on Sunday
8 August 2022
Economic Theory
25 June 2024
Matthew Lesh writes for The Express
Matthew Lesh, IEA Head of Public Policy, has written for the Express on the Bank of England’s recent interest rate rise.
Calling on the BoE to recognise their failures and for supply-side reform to limit the consequences, Matthew writes:
“The Bank has dramatically failed to meet their target – two percent annual inflation – and should be held to account.”
“More fundamentally, we need supply-side reform that makes the pie larger. This means addressing the regulatory state, which has hamstrung our economy by preventing it from producing, holding down wages and pushing up costs.”
“Difficult times are coming – but, with the right reforms, they need not be forever.”
Read the full article here.
Calling on the BoE to recognise their failures and for supply-side reform to limit the consequences, Matthew writes:
“The Bank has dramatically failed to meet their target – two percent annual inflation – and should be held to account.”
“More fundamentally, we need supply-side reform that makes the pie larger. This means addressing the regulatory state, which has hamstrung our economy by preventing it from producing, holding down wages and pushing up costs.”
“Difficult times are coming – but, with the right reforms, they need not be forever.”
Read the full article here.
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