The Office of National Statistics reports that the inflation rate in the UK has risen to 2.1%, passing the Bank of England target of 2%. Professor Abhinay Muthoo of the Department of Economics and Professor Nigel Driffield of Warwick Business School comment here on what factors could have caused this jump.
A report by the Climate Change Committee has concluded that the UK is unprepared for the effects of global warming, with homes, infrastructure and services all vulnerable. Dr Jonathan Clarke of Global Sustainable development comments on the reporting and the need to embrace 'adaptation'.
"Although the scale of market responses to tests are on a huge spectrum, the Bank of England is clearly operating with the logic that it is far better to start to catalyse the climate resilience transition in the finance sector, than to be put off by the risk aversion and conservatism that the central banking community is more commonly known for." Dr John Morris comments on the Bank of England's plans to conduct a stress test to scrutinise the resilience of Britain's biggest banks and insurers against climate change risks.
Dr Sharifah Sekalala, from Warwick's School of Law, comments on UNICEF's call for G7 countries to avoid dumping surplus vaccines but instead begin sending jabs now to avoid wasted doses.
The G7 finance ministers are meeting today, where issues such as a global minimum corporation tax rate and a new tax on big tech firms will be on the table for discussion. Dr Aran Advani from our Department of Economics comments.