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MPs ask experts: is inflation back to stay?

4 February 2022

The Treasury Committee will hear from economists as part of its Jobs, Growth and Productivity after Coronavirus inquiry at 3:15pm on Monday 7 February.

With consumer price inflation reaching its highest level since 1992 at 5.4 percent at the end of last year, MPs are likely to explore whether inflationary pressure is going to be a permanent feature of the post-pandemic economy, and if so, how the Bank of England and Government should respond.

Other potential topics include strategies to boost the UK’s long-term growth prospects, the likely future for interest rate levels and whether monetary and fiscal policy are ready to face the next recession.

MPs may also use the session to explore the future of further quantitative easing and the role of macroeconomic policy in the transition to carbon net zero.

Witnesses

Monday 7 February

At 3:15pm

  • Roger Bootle, Chairman, Capital Economics
  • Jagjit Chadha OBE, Director, National Institute of Economic and Social Research (NIESR)
  • Jim O’Neill, Lord O’Neill of Gatley
  • Ann Pettifor, Director, Prime Economics

Further information

Image: CCO