Tag Archives: THE BANK OF ENGLAND

Mini budget 2022: experts react to the new UK government’s spending and tax-cut plans

Phil Tomlinson, University of Bath; Andrew Burlinson, University of East Anglia; Catherine Waddams, University of East Anglia; Donald Hirsch, Loughborough University; Jean-Philippe Serbera, Sheffield Hallam University; Jim Watson, UCL; Jonquil Lowe, The Open University, and Steven McCabe, Birmingham City University

UK chancellor Kwasi Kwarteng has just launched the biggest package of tax cuts in half a century. This will involve around £45bn of reductions for people and businesses by 2027 – 50% more than anticipated before the mini-budget announcement.

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24Sep/22

Mini budget: will Kwasi Kwarteng’s plan deliver growth?

Steve Schifferes, City, University of London

The UK economy has been dogged by slow growth for a long time. Combined with even slower growth in productivity, it has meant virtually no increase in living standards for the average family over the past decade.

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05Aug/22

UK interest rate rise: what the Bank of England’s historic hike means for your money

Jonquil Lowe, The Open University

The Bank of England has raised its base rate by 0.5 percentage points, the largest single upward jump in 27 years. It takes the base rate to 1.75%, its highest level since 2008. This latest interest rate hike will affect personal finances and reflects the Bank’s efforts to control rampant inflation amid the cost of living crisis in the UK.

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25Jul/22

Rishi Sunak or Liz Truss? Polling shows party members want her – but the wider voting public would choose him

Paul Whiteley, University of Essex

Rishi Sunak and Liz Truss are the final two candidates chosen to go head-to-head in the battle to become the next leader of the Conservative party and, therefore, the next prime minister of the UK.

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