Labour’s growth gamble will decide Britain’s future Opinion Labour’s plan to invest for growth is Keynesianism 101. Delivering on it will require discipline and competence — recent history gives us plenty of reasons to be sceptical, says Damian Pudner Britain’s economic fortunes have hit a moment of reckoning. Public debt has ballooned to an eye-watering £2.8 trillion, roughly 100 per cent of GDP. [...]
It’s time to revisit Bank of England independence Damian Pudner Independence should not mean the Bank of England is shielded from government scrutiny and accountability to the public, says Damian Pudner Last week, a striking disclosure by former prime minister Liz Truss reignited the debate on the delicate balance between political authority and the operational independence of central banks – a topic with profound implications [...]
The Bank of England needs to stop rising interest rates to avoid a painful recession Damian pudner After all the interest rate rises and inflation predictions, the Bank of England risks an unnecessarily deep recession, writes Damian Pudner.
