boe speech, 2025-01-17
But it has taken on greater force in a world of so-called populism which embodies at least three pertinent features: first a greater emphasis on domestic production and the distribution of wealth relative to stability and the benefits of openness; second, a tendency to attribute unfavourable conditions to outside forces in a context of low trust societies; and third, with this decline in trust institutions are viewed as distant, unresponsive and acting for the benefit of powerful and uncontrollable interests.
Sentiment: neutral
Topic: governance