All the evidence shows voters want Labour to shift to the left — but initial signs from Andy Burnham are worrying on that front, cautions DIANE ABBOTT
Latest editorial
Why Bank of England interest rate rises should be opposed
Higher interest rates, at a time when more and more people are being forced to borrow to pay for essentials, would be disastrous and risk a damaging recession, warns JAMES MEADWAY
The Bank of England
ANDY McDONALD MP says Labour must show it is capable of delivering real improvements in people’s lives — bold action is required
ANGUS REID and ANDREW JOHNSTONE report on an initiative that we must take this summer
ALLISON FEWTRELL on what Plaid Cymru's historic election victory means for the communities being failed by Wales’s housing crisis, and four things the new government can do right now
France Insoumise MP JEROME LEGAVRE speaks to Christophe Domec on building the Europe-wide peace movement that came together in the International Conference Against War last weekend
At last weekend’s International Conference Against War, LINDA PENTZ GUNTER talks to the Palestinian physician and politician about the struggles ahead to achieve a truly free Palestine
THE Bank of England is expected to raise its interest rate to the highest level since 2009 tomorrow.
Its monetary policy committee (MPC), which sets the bank’s interest rate, will do this in the belief that it is necessary to bring inflation back down to more manageable levels.
They will be wrong to do so. The most likely outcome from rising interest rates is that any impact on inflation will be minimal, but by making borrowing more expensive the risk of a recession will be much increased. It is based on a serious misunderstanding of the kind of inflation we face today.
Similar stories
Fertiliser chaos triggered by Gulf conflict could send prices soaring and leave millions facing devastating hunger, writes DYLAN MURPHY
PHILIP ENGLISH says military spending will not create the jobs young people need — instead, build an economy based around needs, not profit
This strike is about pay and conditions, says CAMERON HARRISON – but it also shows workers have the power to disrupt the mightiest war machine on Earth
