The Rest Is Money 140. How Do The Bank of England Really Make Their Decisions?
6 snips
Feb 20, 2025 Discover the surprising truth about inflation and the factors driving it, from rising school fees to food prices. Delve into the geopolitical landscape, with discussions on the implications of frozen Russian assets for Ukraine and U.S.-Russia relations. Explore how AI is reshaping the workforce, both displacing jobs and boosting productivity. The conversation also highlights the importance of recognizing business indicators and leveraging tax incentives for growth. Tune in for insights that connect economics with global events!
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Inflation Analysis
- January's inflation at 3% exceeds Bank of England's 2% target, driven by higher costs for private schools and food.
- However, core inflation and services inflation suggest the underlying trend is no worse than anticipated.
Geopolitical Concerns
- Steph McGovern expresses concern over Trump's meeting with Putin and Saudi Arabia.
- Robert Peston shares his worry about the potential sellout of Ukraine and its implications for Europe's security.
Importance of SMEs
- Small and medium-sized businesses (SMEs) are increasingly vital to the UK economy as it relies less on large multinationals.
- Despite rising costs due to tax increases, businesses should prioritize revenue growth.
