The blinkered Bank of England has missed the warning signs. It needs to cut rates now - Evening Standard

The MPC finally decided to act by increasing interest rates and undertaking Quantitative Tightening and it has worked. We have seen inflation start to fall and is projected to return to target and then overshoot it. While this is good news, it has also contributed to the UK economy entering recession and exacerbated the stagnant growth which continues to hit living standards, made it harder for households and firms to borrow, and placed peoples jobs in jeopardy. 

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2024-05-07 14:39:46Z
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