HomeBankingSunak’s Spring Statement neglects those most hurt by inflation, Central bankers will become heroes by retreating from inflation fray, and more
Sunak’s Spring Statement neglects those most hurt by inflation, Central bankers will become heroes by retreating from inflation fray, and more
Latest opinion and analysis from OMFIF around the world
21-25 March 2022, Vol.13 Ed.12
Most-read Commentary
Sunak’s Spring Statement neglects those most hurt by inflation: Covid-19 and now the Ukraine war have materially reduced Britain’s real national income and we are all worse off. Chancellor of the Exchequer Rishi Sunak claimed to address the cost-of-living crisis on 23 March in his Spring Statement. For impoverished households, entirely dependent on welfare benefits and state pensions, rising food and energy prices are a catastrophe, writes Brian Reading.
Commentary Central bankers will become heroes by retreating from inflation fray: Central bankers look ready to retreat from a frontal assault on inflation – stepping diplomatically away from the purest interpretation of their mandates. Far from attracting opprobrium, they will gain popularity. Bowing to political pressures to keep interest rates under control is one way of losing independence, writes David Marsh. Read more.
Commentary War has shattered illusions of the West: The war that Vladimir Putin has waged against Ukraine has shattered the illusions on which the entire architecture of the post-1945 western order has been based. There are three such illusions: the democratic power of the UN, peace in Europe and the US belief that it was the world’s sole superpower following the collapse of the USSR, writes Meghnad Desai. Read more.
Podcast Consumer attitudes and design of a CBDC: Wolfram Seidemann, CEO of G+D Currency Technology, joins John Orchard, CEO of OMFIF, for a discussion about the key findings from the joint OMFIF-G+D survey on consumer attitudes to CBDC and what factors are important for CBDCs to be successful. Their conversation also addresses how G+D is providing leading technology in the digital currency space. Listen.
Commentary Is it time to say RIP to ESG?: ‘It’s time to say RIP to ESG,’ declared one of its key proponents at a dinner hosted by OMFIF at the House of Lords. Anne Simpson, newly appointed global head of sustainability at Franklin Templeton, explained that the environmental, social and governance movement had come of age and would be integrated into the ‘visible hand of stewardship’, writes Emma McGarthy. Read more.
