Going a bit deeper, the external shocks imply that real income in the UK has to fall. The question for the BoE is how to manage this. As you point out, interest rates only operate on the demand side… (View Post)

Just waiting seems to imply not reacting to rising prices and falling real wages. I agree, and that is the gist of my point, though it may need careful steering. The thing is, this blip in prices mus… (View Post)

Parris you mean. But Matthew Paris the monk of St Albans might also have tried penury and asceticism. (View Post)

More national heroes there than the Alamo. (View Post)

My son was christened on the same day having been born at half-time in the England-Brazil match. His godfather mistakenly gave Carlos* as his middle name having been told it should be Kalle (Finnish… (View Post)