Interest Rates
Alistair Carmichael MP spoke of the need for building consensus with rural communities at BASC’s rural reception at the Liberal Democrat Conference in Brighton this week. Mr Carmichael, the newly appointed chair of the Environment, Farming and Rural Affairs (EFRA) Select Committee, told guests at the packed event that his party would be a significant… Read more »
As Labour prepares for its first party conference in Liverpool since winning the election a coalition of trade unionists, academics, football fans, right to food campaigners and the Bishop of Liverpool have written an open letter to Prime Minister, Keir Starmer, calling for an end Foodbank Britain and warning him not to normalise food banks. Organised… Read more »
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The Bank of England’s monetary policy committee (MPC) has this lunchtime increased UK interest rates by 0.5%, taking rates to 2.25%. Five members of the MPC voted to increase interest rates by 0.5%, with three members favouring a 0.75% increase, and one member favouring a 0.25% increase. Before the meeting, there had been speculation, that… Read more »
Following the decision by the Bank of England’s Monetary Policy Committee to raise interest rates yesterday, the Bank’s governor has warned people of the consequences of pushing for inflation busting pay rises. Speaking on the BBC Radio 4 ‘Today’ programme this morning, Andrew Bailey said, “My key point is that if inflation becomes embedded and… Read more »
