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Home Banking What will the MPC’s next 25 years have in store? Wealth and income inequality root of cost of living crisis, and more

What will the MPC’s next 25 years have in store? Wealth and income inequality root of cost of living crisis, and more

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OMFIF THE DAILY UPDATE Friday 20 May 2022

What will the MPC’s next 25 years have in store?

By Neil Williams

With the Bank of England’s Monetary Policy Committee ‘a quarter century not out’, the National Institute of Economic and Social Research’s symposium could not have been more timely, or impactful. While taking stock of the numerous runs scored since 1997, the high-level speakers and participants were not afraid to candidly address the sticky wickets that have cropped up, and what could be fed into the MPC’s match strategy for the next 25.

 Wealth and income inequality root of cost of living crisis
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By Brian Reading
Ditch ‘Tina’, Margaret Thatcher’s famous claim that ‘there is no alternative’ to recession to defeat inflation. The cost of living crisis demonstrates that income and wealth distribution are at the root of the problem and failure to reform taxation obstructs a solution. 
 
 MEETINGS 
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MNB-OMFIF Financial stability conference 2022
Thursday 26 May, ConferenceThis conference, jointly hosted by Magyar Nemzeti Bank and OMFIF, brings together policy-makers from across public institutions, the private sector and researchers from around the world to provide insights on financial stability.  

Financial relations between Italy and Europe
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Thursday 26 May, Roundtable
Luigi Disanto, director general for European financial relations, Ministry of the Economy and Finance, Italy, discusses the economic implications of Russia’s invasion of Ukraine and Italy’s continued response to the Covid-19 pandemic. 
 
 ON DEMAND 
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Developing ESG talent in financial markets
Panellists explore the need to drive ESG talent development and acquisition in financial services and the skills required to meet net zero. They discuss how companies can fill the gaps identified in ESG talent and the tools, data strategies and policies required to create sustainability roles. 
 
 Data: Towards a new age of economic enlightenment
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As regulators and policy-makers work to balance protection and innovation in their evolving frameworks, this landmark report explores the use of data and its potentially transformative impact on developments in the global economy, financial services, the business community and society as a whole.

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