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Chancellor Jeremy Hunt insisted the economy is 'turning a corner' but expert Richard Murphy disagrees

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Recession shows Scotland must free itself from Treasury 'shackles', says expert

The Bank of England is keeping interest rates high unnecessarily, argues Richard Murphy

The Bank of England is keeping interest rates high unnecessarily, argues Richard Murphy

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How the Bank of England's arrogance is making the case for independence

The Bank of England

The Bank of England

Bank of England

Financial markets’ confidence has never been built on such shifting sands

Rishi Sunak had pledged at the start of 2023 to 'grow the economy'

Rishi Sunak had pledged at the start of 2023 to 'grow the economy'

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UK economy at risk of recession after worse than expected third quarter decline

Most economists had been expecting inflation to fall to 4.3% last month

Most economists had been expecting inflation to fall to 4.3% last month

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Inflation falls to lowest level in two years but prices remain high

The Bank of England has kept interest rates at a 15-year-high

The Bank of England has kept interest rates at a 15-year-high

Bank of England

Bank of England keeps interest rates at 15-year-high

Inflation slowed amid a fall in energy costs and easing food prices (Yui Mok/PA)

Inflation slowed amid a fall in energy costs and easing food prices (Yui Mok/PA)

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UK inflation slows to 17-month low but remains significantly above target

A currency-issuing government isn’t like a household because it has its own bank

A currency-issuing government isn’t like a household because it has its own bank

Bank of England

It's economically illiterate to say taxpayers fund government spending

Professor Richard Murphy writes on the problems the Bank of England may be creating for itself - and the rest of us

Professor Richard Murphy writes on the problems the Bank of England may be creating for itself - and the rest of us

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Richard Murphy: Bank of England risks putting Scotland into recession – here's why

The interest rate rise will impact mortage holders

The interest rate rise will impact mortage holders

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Bank of England rate hike adds £24 a month onto average tracker mortgage payment

Bank of England Governor Andrew Bailey has fretted loudly and at length about the dangers of a

Bank of England Governor Andrew Bailey has fretted loudly and at length about the dangers of a

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The Bank of England raises interest rates by 0.25 per cent to 15-year high

The Bank of England believes people can afford higher costs

The Bank of England believes people can afford higher costs

Bank of England

Scotland needs rid of unaccountable, out-of-control central bankers

Worker with a wheelbarrow outside the Bank of England in the City of London

Worker with a wheelbarrow outside the Bank of England in the City of London

Bank of England

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Rishi Sunak is now worrying the markets more than Liz Truss did

Professor Richard Murphy argues that 'taxpayers' money' is just a political buzzword

Professor Richard Murphy argues that 'taxpayers' money' is just a political buzzword

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Richard Murphy: The problem with the buzzword 'taxpayers' money'

The Bank of England in London

The Bank of England in London

Bank of England

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An uncomfortable truth: the Bank of England wants to create unemployment

The Bank of England doesn't understand out economy is already in the doldrums, writes Professor Richard Murphy

The Bank of England doesn't understand out economy is already in the doldrums, writes Professor Richard Murphy

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Disastrous interest rate rise is no less than a declaration of war on workers

The Bank of England has pushed up interest rates

The Bank of England has pushed up interest rates

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Bank of England pushes interest rates to highest levels in almost 15 years

Decision-makers at the Bank of England are meeting this week to look at rates.

Decision-makers at the Bank of England are meeting this week to look at rates.

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Inflation unchanged in May, heaping further pressure on households

Higher interest rates can lead to higher mortgages for people

Higher interest rates can lead to higher mortgages for people

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Does raising interest rates help inflation and how does this affect mortgages?

Mortgage rates previously rocketed amid market turmoil after the mini-budget in September 2022

Mortgage rates previously rocketed amid market turmoil after the mini-budget in September 2022

Bank of England

Average two-year fixed-rate mortgage tops six percent for first time in 2023

The SNP’s David Linden said the damaging policies of the Tories and pro-Brexit Labour Party are 'wrecking the economy'.

The SNP’s David Linden said the damaging policies of the Tories and pro-Brexit Labour Party are 'wrecking the economy'.

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Westminster is 'hammering home owners and first time buyers', SNP say

The SNP’s David Linden said the damaging policies of the Tories and pro-Brexit Labour Party are 'wrecking the economy'.

The SNP’s David Linden said the damaging policies of the Tories and pro-Brexit Labour Party are 'wrecking the economy'.

Bank of England

Westminster is 'hammering home owners and first time buyers', SNP say

Pound coins roll off the production line at the Royal Mint

Pound coins roll off the production line at the Royal Mint

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The key fact about UK Government ‘spending’ that sets it apart from Holyrood

'Essentially what you would need is full Scottish monetary autonomy'.

'Essentially what you would need is full Scottish monetary autonomy'.

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Top US professor issues currency advice to SNP for independent Scotland

It came as the Bank of England also increased interest rates from 4.25% to 4.5% – the highest level since 2008.

It came as the Bank of England also increased interest rates from 4.25% to 4.5% – the highest level since 2008.

Bank of England

UK economy grows slightly in first quarter but slumps unexpectedly in March

Prime Minister Rishi Sunak's term has seen interest rates hit a 15-year high of 4.5%

Prime Minister Rishi Sunak's term has seen interest rates hit a 15-year high of 4.5%

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'Tory mortgage crisis hits millions' as interest rates hiked to 15-year high

The UK is a degenerate parody of itself, requiring industrial quantities of rhetoric to survive

The UK is a degenerate parody of itself, requiring industrial quantities of rhetoric to survive

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Mike Small: Absurd ‘act of unity’ misses that Britain is already dead

Huw Pill is the Bank of England's chief economist

Huw Pill is the Bank of England's chief economist

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Here's what the Bank of England was really saying with 'accept being poorer' line

Bank of England chief economist Huw Pill has been criticised for saying people need to accept they are poorer

Bank of England chief economist Huw Pill has been criticised for saying people need to accept they are poorer

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Expert rips apart Bank of England economist's 'accept being poorer' claim

A chief economist working for the Bank of England has said people in the UK 'need to accept' they are poorer

A chief economist working for the Bank of England has said people in the UK 'need to accept' they are poorer

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Households 'need to accept' they're poorer, says Bank of England economist

Scottish economy will not return to growth until 2024, experts warn

Scottish economy will not return to growth until 2024, experts warn

Bank of England

Scottish economy will not return to growth until 2024, experts warn

The Bank of England has put interest rates up to their highest for 14 years

The Bank of England has put interest rates up to their highest for 14 years

Bank of England

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Mortgage payers 'hammered' as Bank of England hikes interest rates

HSBC has acquired the UK arm of collapsed Silicon Valley Bank

HSBC has acquired the UK arm of collapsed Silicon Valley Bank

Bank of England

UK arm of collapsed Silicon Valley Bank bought by HSBC

The Bank of England raised inflation rates to their highest level for 14 years

The Bank of England raised inflation rates to their highest level for 14 years

Bank of England

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Bank of England raises interest rates to highest level for 14 years

There is no need for government spending to be ‘burden’ on future generations

There is no need for government spending to be ‘burden’ on future generations

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There is no need for government spending to be ‘burden’ on future generations

The Bank of England raised interest rates to a 14-year high at the beginning of the month

The Bank of England raised interest rates to a 14-year high at the beginning of the month

Bank of England

‘UK recession to last until end of next year’, say economists

Richard Murphy writes for The National on inflation and pay

Richard Murphy writes for The National on inflation and pay

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Richard Murphy: The UK can absolutely afford inflation-matching pay rises

The Bank of England has raised interest rates again

The Bank of England has raised interest rates again

Bank of England

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Bank of England raises interest rates to highest level for 14 years

People with a fixed-rate home loan due to expire at the end of 2023 are facing average monthly repayment increases of about £250

People with a fixed-rate home loan due to expire at the end of 2023 are facing average monthly repayment increases of about £250

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Millions of mortgage holders to see payments jump, Bank of England warns

Jeremy Hunt said that there is a 'tough road' ahead for people

Jeremy Hunt said that there is a 'tough road' ahead for people

Bank of England

UK economic growth in October a 'false dawn', say experts

The Bank of England is set to put rates up further

The Bank of England is set to put rates up further

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More mortgage pressure as Bank of England 'to raise interest rates' further

Jeremy Hunt will unveil the autumn Budget today

Jeremy Hunt will unveil the autumn Budget today

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A quick guide to the autumn Budget ahead of Jeremy Hunt's statement

Former Bank of England governor Mark Carney said that inflation and interest rises were a consequence of Brexit

Former Bank of England governor Mark Carney said that inflation and interest rises were a consequence of Brexit

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Brexit a key reason for UK inflation, former Bank of England boss says

Richard Murphy writes as the Bank of England raises interest rates

Richard Murphy writes as the Bank of England raises interest rates

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An independent Scotland can't risk being captured by a right-wing financial elite

Richard Murphy says the Bank of England cannot rule over an independent Scotland

Richard Murphy says the Bank of England cannot rule over an independent Scotland

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If the Bank of England destroys UK PMs, what could it do to an independent Scotland?

People could be asked to pay higher taxes to balance the UK's books, a former governor of the Bank of England has said

People could be asked to pay higher taxes to balance the UK's books, a former governor of the Bank of England has said

Bank of England

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'More difficult than austerity': Former top banker warns of necessary tax rises

Governor of the Bank of England, Andrew Bailey

Governor of the Bank of England, Andrew Bailey

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Pound falls further as Bank of England warns market support will end soon

The cost-of-living crisis is taking its toll on people's budgets

The cost-of-living crisis is taking its toll on people's budgets

Bank of England

Risk of recession rises as UK economy shrinks in August

The central bank will now widen the scope of its UK government bond-buying programme

The central bank will now widen the scope of its UK government bond-buying programme

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Bank of England further boosts gilt-buying programme amid market turmoil

Far from building up the UK economy, Liz Truss and Kwasi Kwarteng are tearing it down

Far from building up the UK economy, Liz Truss and Kwasi Kwarteng are tearing it down

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PM and Chancellor AWOL as Tories wreck economy - The REAL Scottish Politics

House prices could tumble after the market reacted to the UK Government's tax-slashing mini-budget

House prices could tumble after the market reacted to the UK Government's tax-slashing mini-budget

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UK house prices to fall by at least 10 per cent in 2023, experts predict

The central bank's actions reportedly staved off

The central bank's actions reportedly staved off

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Pension funds would have collapsed today without Bank of England action, reports say

Recessions can force some businesses into bankruptcy

Recessions can force some businesses into bankruptcy

Bank of England

Is the UK economy already in recession?

The Bank of England has suspended its programme of selling Gilts

The Bank of England has suspended its programme of selling Gilts

Bank of England

The Bank of England has suspended its operation to sell Gilts - but what are they?

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