As The Guardian has noted: Millions of people are being short-changed on savings rates, with banks and building societies failing to pass on this month’s
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Interest rate rises are just another nightmare to add into the economic meltdown mix
On LBC at about 13.50 today: Political economist @RichardJMurphy: In my opinion, there should have been no interest rate rises at all@ShelaghFogarty pic.twitter.com/DJ1m3wlfku — LBC
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US banks are learning a lesson in failing to keep appropriate records: it’s a shame our dodgy government is not being required to do so as well
As the FT notes in an email this morning: As Brooke Masters writes in this week’s column, governments and companies have long known they must capture important communications for
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Banks and building societies might make £30 billion out of increasing mortgage rates – not a penny of which will be due to their efforts. So when is a windfall tax going to be imposed on them?
There are mortgages to a value of approximately £1.6 trillion (£1,630 billion) outstanding in the UK at present. The interest rate on these will be
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We need a windfall tax on banks – now
This is from the FT this morning: Spain became the largest eurozone country to impose a windfall tax on banks in a sign of European
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Andrew Bailey is right to forecast deep economic woe for the UK because that’s exactly what he’s planning on delivering
As the Guardian notes this morning: Britons should expect to suffer a more severe bout of inflation than other major economies during the current energy
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The double entry behind the money creation in the central bank reserve accounts
I have been asked for a blog post explaining the double-entry that explains the money creation in the central bank reserve accounts that commercial banks
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How are the central bank reserve accounts created?
I have been asked to explain how the central bank reserve accounts held by the commercial banks with the Bank of England are created. This
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Interest rate rises designed to crush returns to working people are financialised neoliberalism’s latest power grab
My comments posted here yesterday regarding the Bank of England’s interest rate rises that it claims will help tackle inflation provide some indication of my
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Richard Murphy
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