The UK Prime Minister may have the regal touch in northern England, but he’s been wrong-footed on the constitutional challenges posed by the Celtic Alliance of first ministers from Scotland, Wales and Northern Ireland, argues KENNY MacASKILL
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
NEIRLAY ANDRADE, a member of the Communist Party of Venezuela’s political committee, outlines her party’s position on the crisis facing the country
A look at Taylor Wimpey’s accounts shows why Labour’s market-led housing strategy won’t deliver more, cheaper homes, as promised, says SOLOMON HUGHES
DAVID HORSLEY remembers the remarkable life and death of US black revolutionary George Jackson, whose politically passionate prison letters were published as Soledad Brother
Cuban trade union federation CTC leader OSNAY MIGUEL COLINA speaks to Ben Chacko about life and work under a crippling US siege
A part of the British empire’s network of slavery, today the Caribbean island of Nevis faces a new form of exploitation in the form of crypto-colonialism, CLAUDIA WEBBE writes
Challenges from the unscrupulous misuse of AI to steal actors’ voice and physical likenesses is being met with a firm union response, writes LYNDA ROOKE
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.
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