Peak inflation pain hasn’t passed for everyone in the UK. The headline rate may finally be falling, but shocks still lie in store for some people. Some of the loudest groans have been emanating from parents opening their private school fee demands for the coming academic year. I speak from rueful experience. My own bill … Read more
How did the fossil-fuel era begin? With Europeans heating their houses in winter. The Industrial Revolution would likely never have started if medieval Britain hadn’t turned to coal swept from the beaches of Northumbria to replace firewood from its dwindling forests. One of the world’s first air pollution laws was a 1306 proclamation prohibiting the … Read more
Under fire from politicians and economists for failing to predict the pace of inflation, the Bank of England is calling in a big name to pronounce a verdict. The central bank today said former US Federal Reserve Chairman Ben Bernanke would lead a review into its economic forecasting. Bernanke’s surprise appointment comes as the UK … Read more