Looking for the light at the end of a long, dark tunnel

Looking for the light at the end of a long, dark tunnel

Looking for the light at the end of a long, dark tunnel There was a time when “not for those of a nervous disposition” was the standard warning on particularly scary films, often starring the late Vincent Price. It could easily have been applied to the Bank of England’s latest projections, or maybe Edvard Munch’s The Scream. The Bank’s latest monetary policy report, published alongside its decision to raise Bank Rate from 1.25 to 1.75 per cent on Thursday, was a horror story. The rate rise, the biggest in 25 years of independence, was expected, and anticipated here last week. The new news was the Bank’s deep gloom about the economy, with inflation peaking at over 13 per cent later this year and still at 9.5 per cent in roughly …
More on: www.thetimes.co.uk