Does Bank Rate really control inflation? September 26, 2025 Despite the Bank of England’s claim that Bank Rate controls inflation, recent policy decisions — including cutting rates while inflation stayed high — suggest the relationship is weak, inflation is more persistent than expected, and the MPC may be underestimating how hard it is to bring prices down, says Paul Ormerod The Bank of England [...]
On this day: Profumo proves the cover up is always worse than the crime September 26, 2025 62 years ago today, Lord Denning published his verdict on the Profumo affair – a minor sex scandal made far worse by subsequent lies. What lessons does the ensuing collapse of Harold Macmillan’s government have for politicians today? Asks Eliot Wilson Today in 1963, the Master of the Rolls, Lord Denning, published his 70,000-word report [...]
The space economy will not succeed without private ownership September 26, 2025 A space economy based on legal conditions that ban private property – like those of North Korea – will never flourish, says Rainer Zitelmann After the Moon Landing of 1969, manned space travel stagnated for over half a century. The space shuttle was far too expensive and never lived up to expectations. It was only [...]
Code of conduct for IT professionals would help gain public trust in AI September 25, 2025 Billions of investment in AI will do little while the public remains suspicious of the tech. A public register for IT professionals could help address this, writes Emma McGuigan.
The Capitalist: Reeves and Revolut get chummy at HQ party September 25, 2025 Revolut puts on a party, City AM pioneers the midday bash and finance bros trade blows; catch up on the latest Square Mile shenanigans in The Capitalist.
Saxo UK boss Andrew Bresler: Client lunch? Left to me, it’s Pret September 25, 2025 From disastrous interviews to client lunches, Saxo UK boss Andrew Bresler tells us about his career in this week's Square Mile and Me.
Will the Labour party survive its conference? September 25, 2025 The left, just like the right, is a broad but unhappy church – will its internal rifts reach breaking point at Labour’s upcoming conference in Liverpool? Asks Helen Thomas This Sunday, Liverpool plays host to the Labour Party conference, where the party’s competing wings will jostle under the harsh glare of the government spotlight. Just [...]
A competent Chancellor would break Britain’s high tax, high spend doom loop September 25, 2025 Economic alarm bells are blaring, but Rachel Reeves has stuck her fingers in her ears, says shadow chancellor Mel Stride Britain’s economy is on the brink. We’re set for the highest inflation in the G7; unemployment is at a four-year high; and GDP growth is pitiful – in July it was literally zero. Meanwhile, borrowing [...]
Is Britain open for business or not? September 25, 2025 Britain’s tax rate is neutral at best when it comes to attracting investment, and as international competitors up their game, we may need to go further just to stand still, says Tim Sarson How attractive is the UK as a place to invest? It’s confusing, isn’t it? In the last few weeks we’ve had a [...]
Reform could yet come crashing down to earth September 25, 2025 Analysing Welsh council by-elections may not be your idea of a good time (it isn’t mine, frankly) but one caught my eye last week. In the ward of Trowbridge in Cardiff, Labour lost the seat as the party’s vote share evaporated, down more than 30 per cent. They came third, behind the Liberal Democrats who [...]