Whilst the Bank of England fiddles with rates people’s livelihoods are failing, and the economy is burning.

An interesting post by Richard Murphy and Danny Blanchflower with the heading:

Is the Bank of England at risk of missing a major downturn again?

…. who have been working together on their vision for the economic policy that the UK needs at present concludes that :

We are likely to be in recession again, already. But still the Bank does not get the issues, the messages from the data, or the required responses. 

This coincides with Tim Morgan’s view of the future.

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