Supply-side reform needed to tackle the difficult times ahead

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.