Do We Need To Increase Interest Rates To Control Inflation - Other Views Say No

5th November 2022

The Bank of England is putting up interest rates to control inflation. Not everyone agrees that this needs to be done.

Here are two experts that have other ideas on LBS interviewed by Andrew Marr.

Professor Mariana Mazzucato
Professor Mariana Mazzucato breaks down 'dysfunctionalities' in the economic system which should be tackled instead of 'punishing consumers and families' who already face high costs of living.

British Economic Historian Lord Robert Skidelsky
'Arrange the taxes so they hit the people who are best able to bear them and spare the poorest people.'
British Economic Historian Lord Robert Skidelsky says unemployment isn't the only way to 'reduce inflationary pressure'.