Monday, June 26, 2023

Forbes.com : Many To Blame For Forthcoming UK Economic Crisis. NIMBYism Included

By SIMON CONSTABLE

The Bank of England’s (BoE) war on Britain's stubborn inflation is likely to crush the country’s economy in ways that many people aren’t recognizing.  

If that comes to fruition, it won’t solely be the fault of the people at the BoE who decide the monetary policy. The problem comes down to decades of absurd housing policy and the overly cautious banking industry. Here’s where we are now and how we got here. Read more here.


 

Andrew Bailey, Governor of the Bank fo England 
UK GovernmentOGL 3, via Wikimedia Commons


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