The question is not simply how much we spend on defence, but what we understand defence and security to mean, says SIMON BRIGNELL
Why Bank of England interest rate rises should be opposed
Higher interest rates, at a time when more and more people are being forced to borrow to pay for essentials, would be disastrous and risk a damaging recession, warns JAMES MEADWAY
The Bank of England
Given the recent rejection of peace proposals by Israel the world must provide an immediate and resolute response to force accountability on Gaza, argues RAMZY BAROUD
MARK SEDDON tries to cool off in the countryside to avoid the heatwaves but the greed and incompetence of the privatised water industry is now at boiling point
The disputed election of a far-right president, who is also a US citizen, signals further consolidation of Washington’s regional power and represents a threat to the country’s democracy and sovereignty, writes WT WHITNEY JNR
by Her Excellency Ismara Mercedes Vargas Walter, Ambassador of the Republic of Cuba to the United Kingdom
DR STEPHEN WILKINSON assesses the life and legacy of a revolutionary giant
THE Bank of England is expected to raise its interest rate to the highest level since 2009 tomorrow.
Its monetary policy committee (MPC), which sets the bank’s interest rate, will do this in the belief that it is necessary to bring inflation back down to more manageable levels.
They will be wrong to do so. The most likely outcome from rising interest rates is that any impact on inflation will be minimal, but by making borrowing more expensive the risk of a recession will be much increased. It is based on a serious misunderstanding of the kind of inflation we face today.
Similar stories
CLAUDIA WEBBE argues that Burnham’s U-turn on tackling greedy landlords has let the country down
Burnham urged to raise taxes on banks after Barclays reveals 30% rise in pre-tax profits
PHILIP ENGLISH says military spending will not create the jobs young people need — instead, build an economy based around needs, not profit