Richard Murphy on Nostr: Is the Bank of England trying to undermine Labour’s economic policy? ...

Is the Bank of England trying to undermine Labour’s economic policy? https://www.taxresearch.org.uk/Blog/2024/07/11/is-the-bank-of-england-trying-to-undermine-labours-economic-policy/ The Bank of England has made it clear it wants to crush any sign of growth in the UK economy. Rachel Reeves is desperate for growth. This is as big a policy split as happened when Truss was in office, and only one of the Treasury and the Bank can win, with the Bank holding all the aces. This is going to end in tears, and with Labour's reputation in tatters unless Reeves acts now.