Kate Barker's picture
Affiliation: 
British Coal Staff Superannuation Scheme and University Superannuation Scheme
Credentials: 
former member of the Bank of England Monetary Policy Committee

Voting history

The Impact of the Russian Invasion of Ukraine on the UK Economy

Question 2: Relative to the public spending plans at the beginning of the year, the UK government should respond by:

Answer:
Increasing public spending, but less than inflation
Confidence level:
Confident
Comment:
This is a diffcult question to answer as set out. Public spending should go up but in particular places - some benefits, support for health and social care, and schools. Local authority settlements will probably need another look. But some items mey merit tight control - pace of some capital spend for example.

Question 1: Relative to the Bank of England’s planned trajectory for interest rates at the beginning of the year, the Bank should respond to geopolitical events by:

Answer:
Raising interest rates more slowly
Confidence level:
Not confident

Surging Inflation in the UK

Question 2: Will the inflation surge of 2021 prove persistent?

Answer:
No
Confidence level:
Confident

Question 1: Which of the following factors is the primary reason for the rise in inflation in 2021?

Answer:
Supply constraints
Confidence level:
Very confident
Comment:
It may be a bit more complex as supply is struggling to meet demand which has shifted towards goods - some sectors still have excess supply.

Towards a High-Wage, High-Productivity Economy

Question 2: What is your evaluation of the following statement: “A well-designed government-stipulated wage increase can lead to higher productivity”?

Answer:
Agree
Confidence level:
Not confident

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