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Bank of England Articles

What is the ‘One Nation’ response?

The chancellor’s autumn statement demonstrated his economic credibility has fallen even lower. Yet it also demonstrated a political reality, which we need to appreciate fast. That is that so far at least he has got away with it. It is not enough for Labour to shout...

Getting Britain working

If Labour wins the next election it will inherit a set of challenges on employment and welfare quite different from those it faced in the late 1990s. Increasing the employment rate will be crucial to increasing living standards, given the reduced scope for...

Labour’s response to the crisis

It is not great news for any government to find that its economic policy has been discredited. The latest GDP figures showed the economy shrank again last quarter, by 0.7 per cent. That must be particularly hard to take for a coalition government formed, it was...

The Libor distraction

Manipulating markets constitutes corporate fraud, regardless of whether or not those who engaged in such activities believed they had the cover of the Bank of England to do so. So it's right that the Serious Fraud Office has been given the resources it needs to...