Will the Bank sabotage Labour’s growth ambitions?
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by Peter Warburton | Sep 23, 2024

The Professor

Will the Bank sabotage Labour’s growth ambitions?
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by Peter Warburton | Sep 23, 2024

<div class="entry-title-container"><div class="entry-title" style="width: 85%; display: inline-block;">Peter Warburton – London</div><div class="badge-container" style="width: 15%; display: inline-block; text-align: right;"></div></div>

The decision by the Bank of England’s rate-setting committee to reduce Bank Rate from 5.25% to 5% on 31 July was clearly a nail-biting affair, succeeding by the narrowest of margins: five votes to four. The most recent consumer price inflation print of 2.2% in July, implies a real short-term interest rate of 2.7%, well […]

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About Peter Warburton

Dr Peter Warburton is director of Economic Perspectives Ltd, an international consultancy, and managing director of Halkin Services Ltd. He was economist to Ruffer LLP, an investment management company, for 15 years and spent a similar length of time in the City as economic advisor and UK economist for the investment bank Robert Fleming and at Lehman Brothers. Previously, he was an economic researcher, forecaster and lecturer at the London Business School and what is now the Bayes Business School. He published Debt and Delusion in 1999. He has been a member of the IEA’s Shadow Monetary Policy Committee since its inception in 1997. He is a contributor to the Practical History of Financial Markets course run by Didasko, an education company, at Heriot-Watt University, and teaches occasionally at Cardiff Business School.