Further 550 of 3,100 homes in Keresley approved
The area is seeing huge change
05:00, 5 MAR 2021
An aerial view of Keresley s green fields, which could house 3,100 new homes under the Coventry Local Plan. (Image: Picture by Google Maps.)
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The events of 2020 and so far in 2021 have provided quite a shock to the economic system. Let us call it what it has been which is a depression. It may for some be a speeded up one but others such as Italy and especially Greece had never really recovered from the credit crunch one so it is another feature in their lost decade. The policy response and the hoped for bounce back pose a lot of questions? Today I intend to look at the inflation issue.
Where Does It Come From?
Both versions of economic policy have been applied with full force. If we start with monetary policy we see a world of ZIRP ( Zero Interest-Rate Policy) and in some places NITP ( N = Negative) plus a whole swathe of bond and asset buying under the QE banner. This has meant that the money supply has surged. For example on the UK the measure of broad money M4 is growing at an annual rate of 15%. Monetarist theory suggests that goes into nominal GDP and as growth will not be 15% there will be an inflationary push. Wit
Battle over 550 homes plan in Keresley
A committee will decide on plans on Thursday
05:00, 4 MAR 2021
Illustration of plan outline (Image: Bellway Homes via planning documents)
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Campaigners are hoping to thwart plans for up to 550 new homes in Keresley, which have been recommended for approval ahead of a crunch decision.
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BT, Ford and M&S schemes granted extension for legal challenge over government s decision to align RPI with CPIH
The trustees have until 7 April to decide whether to file a claim against the government
The trustees of the BT Pension Scheme, Ford Pension Schemes, and the Marks and Spencer Pension Scheme have been granted an extension to consider a legal challenge of the government’s actions following its decision to align the Retail Prices Index (RPI) with the housing cost-based Consumer Prices Index (CPIH).
Following a joint application from the major schemes, the court has granted an extension of time in which to consider a potential application for a judicial review of the decision to align RPI with CPIH.