Repeated economic failures show lack of learning, John Redwood notes

Repeated economic failures show lack of learning, John Redwood notes
Establishment criticized for repeated financial errors

John Redwood criticizes the establishment for failing to learn from repeated financial mistakes. He points to a pattern of costly errors, including the Treasury and Bank boom-bust of 1972-6, ERM boom-bust 1987-92, great banking boom and crash 2005-10, and the inflation of 2022-23.

Redwood has recently flagged that U.K. government borrowing exceeded forecasts by £7.7 billion in two months, urging caution on spending in an earlier article. He has also criticized Bank of England bond sales at a loss and questioned the central bank’s approach to interest rates and inflation. The interventions follow his continued scrutiny of economic policy decisions.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
Weekly Top Bonuses
up to $2,500
deposit bonus for all clients
CLAIM BONUS
Your capital is at risk.