From WSJopinion: Supply-side tax and regulatory reforms were crucial to success the last time policy makers had to tamp down rapid inflation in the U.S. and the U.K. Can anyone honestly say the alternative is working better for Britain now?
Review & Outlook: On Nov. 18, 2022, Jeremy Hunt unveiled the U.K.'s budget. Rishi Sunak’s Conservative Party has ditched Liz Truss’s supply-side tax and regulatory reforms in favor of a plan to tax and spend Britain to prosperity.
There was no monetary “pause” in the United Kingdom on Thursday, as the Bank of England raised its target interest rate by a half-percentage-point to 5%. The BOE could hardly do otherwise as it scrambles to make up for inflationary policy errors.Continue reading your article with
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