3% Inflation Just Fine - Richard Murphy

18th April 2024

The Bank of England is determined to keep interest rates high, create a recession and keep unemployment high until inflation hits 2%. But no one knows why 2% is the right inflation target. It could be 3% just as easily. So what will the pain be for?.

ABOUT RICHARD MURPHY
Richard Murphy is Professor of Accounting Practice at Sheffield University Management School. He is director of Tax Research LLP and the author of the Funding the Future blog. His best known book is ‘The Joy of Tax'.