Emeritus Prof Christopher May's Post

For those of you with as sado-monetarists inflationary pressures bingo card, the news that wage rises edged up in the three months to last November, will be another mark on the card contributing to Andrew Bailey's continued 'regret' that they cannot continue for now any programme of cutting interest rates....

and meanwhile, as the UK continues in its economic doldrums, commentators will be doing the work to distract from the obvious key cause... BoE policy!