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Richard Lambert: Member Of The Mpc Speaks.....................

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He acknowledged concerns of other MPC members who fear failure to react to oil prices, which made up half of the recent dramatic jump in inflation from 1.1 to 2.4 per cent, would be more costly to the economy.

But he said: "You could bring inflation back to [the 2 per cent] target as soon as possible but that would mean a tight monetary policy and it would also bear down on the economy as well. It is a trade-off between the two."

No. There is no trade off. Your remit was to target inflation. You have failed.

Edited by gone west

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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