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Welcome to the IEA Podcast. The Institute of Economic Affairs is the UK’s original free market think tank, founded in 1955. Our mission is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems. Given the current economic challenges facing Britain and the wider global environment, it is more vital than ever that we promote the intellectual case for a free economy, low taxes, freedom in education, health and welfare and lower levels of regulation. We hope you enjoy listening!
Episodes
Friday May 06, 2022
Interest rates: How to control inflation?
Friday May 06, 2022
Friday May 06, 2022
On Thursday we learned that the Bank of England's MPC voted to raise interest rates to 1% from 0.75%, their highest level since 2009 and the fourth consecutive increase since December.
The Bank is grappling with rising inflation – which forecast to top 10% by the end of the year – but also worried about the risk of recession.
But did the Bank go far enough. And what are the ramifications for the UK economy?
In this podcast, Julian Jessop, Economics Fellow at the Institute of Economic Affairs, assessed the Bank's decision and the outlook for the UK economy.
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