The UK’s fiscal rules, designed to ensure responsible financial management, have become increasingly restrictive, particularly at a time when significant public investment is urgently needed.
Bank Rate Held at 5%
At its latest meeting, the Monetary Policy Committee (MPC) chose to hold the Bank Rate steady at 5%. While inflation has retreated towards the Bank’s target levels, economic growth has stalled, and key sectors are exhibiting signs of weakness. Given these developments, it is worth examining whether maintaining the current interest rate is the optimal […]