Interest rate rise

nelly55

Member
Location
Yorkshire
I only picked up the last bit but sure the person speaking said the only way to break the inflation rate is for the bank to rise rates and force a recession.
 

capfits

Member
Then they are way to slow, but suspect by October the rise in energy prices will cause many other parts of economy to go into reverse.
Even house prices.
 

nelly55

Member
Location
Yorkshire
A lot of people had payouts ,but fuel,food and electric costs are out of control of the person on the street.No one is supposed to have any money but look how many are heading off on holiday,the amount of folk buying holiday homes to let off that market is about to crash as over supply.It’s the folk on limited income pensions and benefit ( not always their fault) and low paid workers who are going to suffer.Not those with disposable income bevause they will keep spending.
 

renewablejohn

Member
Location
lancs
Bank of England now run by a complete bunch of idiots. Seems like they only have one tool in the box to raise interest rates. Fine if the economy is overheated and excess cash needs taking out but hopeless if the economy is already in a downward spiral with consumers already strapped for cash thats how we ended up with the Great Depression. If they carry on with this nonsense that is certainly were we are heading.
 

BrianV

Member
Livestock Farmer
Bank of England now run by a complete bunch of idiots. Seems like they only have one tool in the box to raise interest rates. Fine if the economy is overheated and excess cash needs taking out but hopeless if the economy is already in a downward spiral with consumers already strapped for cash thats how we ended up with the Great Depression. If they carry on with this nonsense that is certainly were we are heading.
Bank of England is only there to bail out the government by printing money, they have no influence on Bozo’s spending spree & crass decisions!
 

Martin Holden

Member
Grassland Exhibitor
Location
Cheltenham
Bank of England now run by a complete bunch of idiots. Seems like they only have one tool in the box to raise interest rates. Fine if the economy is overheated and excess cash needs taking out but hopeless if the economy is already in a downward spiral with consumers already strapped for cash thats how we ended up with the Great Depression. If they carry on with this nonsense that is certainly were we are heading.
yup, its the bluntest tool in the box. Raising interest rates isn't going to do anything for input costs for day to day commodities whatsoever!
 
Bank of England is only there to bail out the government by printing money, they have no influence on Bozo’s spending spree & crass decisions!

Government should never have ever been allowed to delegate control of interest rates to the B of E. It was shirking their ministerial responsibilities. Typical MPs these days, no backbone or responsibility.
 

le bon paysan

Member
Livestock Farmer
Location
Limousin, France
Bank of England now run by a complete bunch of idiots. Seems like they only have one tool in the box to raise interest rates. Fine if the economy is overheated and excess cash needs taking out but hopeless if the economy is already in a downward spiral with consumers already strapped for cash thats how we ended up with the Great Depression. If they carry on with this nonsense that is certainly were we are heading.
From what I see inflation is mainly being caused by fuel , energy and food prices. Nothing under the control of Joe public, so how does screwing him going to help?
 

renewablejohn

Member
Location
lancs
Apparently on news just now stated should of gone up way more!
But the policy was shown that it does not work the last time we had 18% interest rates. It was Carney who broke the bankers myth and slashed interest rates. Now the bankers have got the upper hand again with the appointment as governor one of their own. Bank profits will now surge through the roof financed by misery and bankruptcy of Joe Public.
 

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HSENI names new farm safety champions

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Written by William Kellett from Agriland

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The Health and Safety Executive for Northern Ireland (HSENI) alongside the Farm Safety Partnership (FSP), has named new farm safety champions and commended the outstanding work on farm safety that has been carried out in the farming community in the last 20 years.

Two of these champions are Malcom Downey, retired principal inspector for the Agri/Food team in HSENI and Harry Sinclair, current chair of the Farm Safety Partnership and former president of the Ulster Farmers’ Union (UFU).

Improving farm safety is the key aim of HSENI’s and the FSP’s work and...
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