Bank of England’s Net Zero Focus Raises Concerns Over Inflation-Fighting Capability, Warn Lords

Published on November 28, 2023

The Bank of England’s commitment to achieving net zero carbon emissions is raising concerns about its effectiveness in addressing inflation, according to a report by the Economic Affairs Committee (EAC) in the House of Lords. The House of Lords EAC released a comprehensive report yesterday that delves into the operational independence of the Bank of England, raising crucial concerns over a perceived “democratic deficit” in its leadership. The assessment stems from the recent challenges posed by the surge in inflation and the subsequent loss of public confidence in the bank. Notably, the report highlights that all central banks, including the Bank of England, have grappled with errors in the execution of monetary policy in recent years, with high rates of inflation in 2021 inaccurately forecasted as “transitory.”...

Continue reading on website
Other news

Alex Murdaugh, Already Convicted of Murder, Will Be Sentenced for Stealing From 18 Clients

November 28, 2023
For years, South Carolina attorney Alex Murdaugh looked his anguished clients in the eyes and promised to help them with their medical bills, their suffering or simply to survive. Then he stole some, if not all, of what he won for many of them.On Tuesday, those folks are getting to look right back at Mr. Murdaugh, and tell him whatever they want as the disgraced lawyer, also convicted of murder, i

Jewish Groups’ Lawsuit Alleges University of California Has Let Campus Anti-Semitism Go Unchecked

November 28, 2023
A pair of Jewish advocacy organizations are suing the University of California and UC Berkeley in particular, alleging they’ve allowed anti-Semitism and the harassment of Jewish students to go virtually unchecked on their campuses.The lawsuit was filed in a federal court in San Francisco on Tuesday by the Louis D. Brandeis Center and the related Jewish Americans for Fairness in Education (JAFE). T