RHUN AP IORWERTH outlines Plaid Cymru’s immediate and medium-term policy goals
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Interest rate hike risks financial crisis
The Bank of England has been swinging its interest rate bludgeon for the last year, and the wreckage is starting to pile up, warns JAMES MEADWAY
The Bank of England
A row over Trotskyist factions exposes competing visions of organisation inside Your Party and the wider left, argues NICK WRIGHT
A growing coalition, Cymru Together, is challenging traditional politics – calling for practical plans that connect climate action with economic justice, writes BETHAN SAYED
ROX MIDDLETON, LIAM SHAW and MIRIAM GAUNTLETT delve into the strange, active – and sometimes predatory – world of plants
While politicians fixate on defence budgets, the real answers lie in peace-building and economic justice, says ALAN SIMPSON
ANDREA BRADLEY highlights how a City of Glasgow College health and safety dispute is the subject of an STUC Congress emergency motion
THE Bank of England’s raising of interest rates this week was a poor decision that will do little to nothing to restrain price rises, adds to the financial burdens on households and small businesses and increases the joint risks of recession and financial crisis.
But it’s not all bad news: new figures from Unite the Union show that the four largest banks’ profits are up £7bn since the start of the pandemic, as rising Bank of England interest rates have been turned into higher borrowing costs for households and businesses — while, naturally, savings rates have barely moved.
Sarcasm aside, the best that can be said for the rates rise, with two dissenting members of the rate-setting Monetary Policy Committee voting to keep rates the same, is that the bank is less likely to repeat this madness in future.
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