The group’s latest report described the Monetary Policy Committee’s quarter-point rise earlier this month – its first in nearly four years – as premature.
Peter Spencer, economic adviser to the ITEM Club, said: ‘The risk is that in tightening the monetary policy screw too early the MPC will choke the life out of the fragile economic recovery.’
The report warned specifically against a further increase in December, when it said consumer confidence was ‘critical’ for the retail and property markets. A rise might prove the trigger to push the consumer into serious retrenchment and the economy back into stagnation, it concluded.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements