Latest Issue

Avoiding the iceberg

The Bank of England's new early warning system

By Jay Elwes  


This morning, Britain’s economy-watchers trained their attention on Mark Carney, the new Governor of the Bank of England, who stepped out onto the British monetary stage to deliver his opening number. Or should that be numbers.

His intention is to give what is now termed “forward guidance” on the Bank’s economic plans, so that businesses—and perhaps politicians also—can plan for the future, knowing that the bank is not going to spring an unpleasant surprise by suddenly adjusting interest rates.…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to

More From Prospect