Monetary policy
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Macroeconomic policy

What goes down must come up

The Bank of England becomes the first major central bank to raise rates but impact will be small with fiscal policy key to Omicron response

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…recent months has been very positive with the success of the Government’s furlough scheme limiting the impact of the pandemic in terms of rising overall unemployment. Unemployment has repeatedly surprised…

Covid-19
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Labour market

The new wave

The economic policy response to Omicron

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…those furloughed continuing to receive 80 per cent of previous earnings, that would imply a cost of around £1.4 billion a month against a backdrop £46 billion of furlough spending…

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