Eser adds: “Instead, policymakers should be encouraging equity creation and not debt – particularly in the technology sector – in order to provide the long-term incentive to improve economic productivity that is desperately needed.”
Tim Price, a manager at Price Value Partners, went a step further in his criticism of the central bank saying “all roads lead to the Bank of England” when looking at the current problems gripping the economy.
“The way I look at it is there is a debate going on about inequality, but the elephant in the room is the MPC, they are unelected,” Price says.
With more and more fingers pointing at the bank and the UK’s problems seemingly neverending, it is time to listen to those in the know and change the record.
