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Bank of England Articles

The structure of our economy is broken

An efficient economy does not perpetuate the misallocation of capital – it punishes it. The structure of our economy is broken. The governor of the Bank of England calls it the tragedy of the horizon, that point beyond the standard market outlook of 2-3 years where...

Equal to Bank of England independence?

Politics is prone to hyperbole but it is no exaggeration to say that the creation of an independent infrastructure commission could turn out to be the defining achievement of the next Labour government. John Armitt's brainchild could be our equivalent of Bank of...

Wheels coming off the wagon

It's been a pretty big few weeks in the referendum debate. The arguments around the currency and membership of the European Union that have been rumbling along since mid-2012 have come to a head in what's being described as the nationalists’ worst period of the...

Introducing a healthy scepticism into spending

Ed Balls gave an uplifting speech at Labour conference, focusing the economic debate on the squeeze in living standards. Even before conference, Labour had been successful in shifting the debate on the economy to a more focused debate on what, if anything, the latest...