Former MPC official urges Labour to give BoE powers to set inflation target

Sushil Wadhwani's recommendations

Linus Uhlig
clock • 2 min read

Labour has the chance to reduce the higher inflation risk premium in the UK by surrendering control of setting the country’s inflation target to the Bank of England, a former rate-setter has said.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Unchanged interest rate the 'calm before the storm' as uncertainty and volatility rise

Unchanged interest rate the 'calm before the storm' as uncertainty and volatility rise

Rates held at 3.75%

Patrick Brusnahan
clock 30 April 2026 • 2 min read
ECB opts to hold rates at 2%

ECB opts to hold rates at 2%

Eurozone inflation spikes

Linus Uhlig
clock 30 April 2026 • 2 min read
Fed firmly in 'wait-and-see mode' as it keeps rates on hold

Fed firmly in 'wait-and-see mode' as it keeps rates on hold

Jerome Powell's final meeting as chair

Linus Uhlig
clock 30 April 2026 • 2 min read
Trustpilot