Why Has the Bank of England Decided to Raise Interest Rates?
Our current economic malaise won’t be solved by an interest rate hike. If anything, last week's move from the Bank of England is likely to make things far worse, argues Grace Blakeley.
Tag: inflation
Zimbabwe in Crisis: Who Will Replace Robert Mugabe?
Zimbabwe is teetering on the edge of a precipice — and potentially a military coup. The country, long dogged by political turmoil and economic instability, is facing more uncertainty than ever before as infighting within its ruling party intensifies.
What is deflation and what does it mean for the working class?
Yesterday the UK went into deflation. George Osborne praised the "good news" while many economists were far more cautious. James Meadway from the New Economics Foundation explains what deflation is and what it means for the economy, wages and the working class.
4 Reasons Your Wages Are Definitely Not Going Up
The Bank of England, the autumn statement and the Office for Budget Responsibility have all been trying to get the word out that wage growth is back at last. Scratch the surface and this headline reveals itself to be the result of political manoeuvring and dodgy sums.
Don’t Spend It All At Once! 7 Things ‘Wage Increases’ Can’t Hide
As George Osborne heralds the arrival of new figures which put average earnings above inflation for the first time in four years, we cut through the smoke, mirrors and bell ringing to show how misdirection can't mitigate the ongoing cost of living crisis.