Connect with us

Hi, what are you looking for?


Central Banker Admits Green Agenda Is Hurting Economic Growth

via National Geographic

The Bank of England advisor has admitted that green policies such as carbon taxes and emissions trading schemes are increasing inflation and impacting output.

These policies are causing costs to be passed on to consumers, prompting changes to reduce emissions.

The Bank of England sees addressing climate change as part of its mandate, despite the negative economic effects. (Trending: Judge Issue Major Ruling On Transgender Procedures For Kids)

Bank of England’s Monetary Policy Committee-member Catherine Mann reportedly said during a recent speech that “carbon taxes, public investments, and subsidies are all inflationary”

“Evidence has suggested upward pressure on inflation [and] downward effects on output,” continued Mann.

Mann highlighted how high prices are “passed on fully or in part to consumers, which prompts the behavioral change needed to reduce emissions”.

“Not only is it within my remit to respond to the macroeconomic effects of climate change, but, in my view, my remit requires me to do so,” proclaimed the financial expert.

“When climate change has macroeconomic effects – whether physical impacts from extreme weather events and higher average temperatures or transition effects associated with transforming to a net zero economy, including explicit implications for inflation – it becomes a concern for monetary policymakers, directly within a price stability mandate,” added Mann.

Prime Minister Rishi Sunak has slightly scaled back some net zero policies, but the UK remains committed to reaching net zero carbon emissions by 2050.

The green agenda pursued by the Conservative Party has negative economic impacts and poses a threat to national security, as noted in a report from the Joint Committee on National Security Strategy.

Most Popular:

Trump Rips ‘Smirking’ NY AG James After Court Appearance

Fani Willis Seeks Protective Order Following Leaked Video In Trump Case

Judge Sides With Trump In Crucial Ruling For 2024

You May Also Like


CNN’s boss Mark Thompson is planning a digital-first transformation for the network by reducing anchor salaries, which currently exceed $50 million. Insiders report he...

U.S. News

Special Counsel David Weiss charged a former FBI informant, Alexander Smirnov, with making false statements and creating false records regarding his allegations about Joe...


Donald Trump decided not to appeal a recent court ruling rejecting his claim of absolute presidential immunity from civil lawsuits over his actions while...


A legal analyst covering a hearing on the eligibility of the Fulton County district attorney in the Trump election interference case said it was...

U.S. News

A school principal in Oklahoma faced backlash and threats after it was revealed he also performed as a drag queen. Murnan faced child pornography...


New York AG Letitia James imposed a $354 million fine on Donald Trump for fraud, but there is no legal precedent for such a...


Vice President Kamala Harris expressed her readiness to assume the presidency if necessary amid concerns about President Biden’s age and mental sharpness. Harris confidently...