Latest Issue

'Don't do it guys!' Should the Bank of England resist calls to raise interest rates?

Watch out. The figures are in: inflation in December shot up to 3.7 per cent.  Soon we will be hearing calls for the Bank of England to raise interest rates. Pray the Monetary Policy Committee is wise enough to resist. If not, they will doom us to higher unemployment and a double-dip recession.

Our economy remains much too fragile to weather higher interest rates. For the past two years, fiscal policy…

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