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!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 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!
We just have to suck it up and tighten our belts as folk did in the depression and the 1970's . The government cant bail everyone out it will just make it worse in the end.Its a token gesture to say theyre doing something. External price hikes and covid money pumping. Interest rates wont cure it.
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?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.
Dont ask me ask the idiots at the bank of england. All I know is my monthly mortgage has doubled already.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?
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.Apparently on news just now stated should of gone up way more!
How would you have coped in the days when interest rates were in the mid to high teens cos that was hard.Dont ask me ask the idiots at the bank of england. All I know is my monthly mortgage has doubled already.
The difference these days are because of high house prices people have borrowed to their limit at very low rates which means their mortgage payments can very quickly double or even treble causing mayhem.How would you have coped in the days when interest rates were in the mid to high teens cos that was hard.