Unchallenged inflation will make strike action the norm in a new labour market
![](https://volterra.co.uk/wp-content/uploads/2021/12/5050740513_b38ea99009_c.jpg)
Last Friday, London once again muddled through the inconvenience of yet another Tube strike. Another one is planned for the middle of December. They are just as much a feature of the metropolitan scene as Big Ben. Until more of the trains are automated, Tube staff will retain the capacity to cause disruption. But this […]
The Bank of England has developed a mythical stature – it’s time to burst it
![](https://volterra.co.uk/wp-content/uploads/2021/10/12565194585_344f83054a_c.jpg)
The UK, along with the rest of the Western world, has just lived through a period of low inflation. In the 25 years since the mid-1990s, inflation has averaged just 2 per cent a year. It is enough to double the price level every 35 years, but a far cry from the double-digit rates seen […]