Thread: Bank of England raises Interest Rate to 5%
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Old 22-06-2023, 14:02   #6
jfman
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Re: Bank of England raises Interest Rate to 5%
007stuart while your point is reasonable it’d be completely unpalatable to this Government and the next one that’s Labour nailing it’s flag to the mast vacated by the Tories since 2016.

There’s very little to suggest that inflation is wages driven - wages and living standards are falling in real terms and that trend only looks to continue. Essentially we are living in a housing market masquerading as a major economy. Cheap debt, bigger mortgages and longer mortgages have propped up the Ponzi scheme for decades now that chicken is coming home to roost.
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