Oreo
MaizieD
What is most astonishing is that it is the Bank of England that is making a huge contribution to the promised recession by raising interest rates.
They are either too stupid to understand what they are doing or they are licking their lips with pleasure in anticipation of the misery their action will cause when joined by the tory's austerity programme.Are you serious?
Too stupid to understand or licking their lips at the thought of misery?
Give over!
Well, you tell me why they are raising interest rates, ostensibly to counter inflation, when raising rates will only damp down demand led inflation (i.e too much money in the economy chasing too few goods).
We have supply led inflation, external price rises which have nothing to do with demand or excess money in the economy.
There quite obviously isn't too much money in the economy as a significant portion of the population can barely afford the basics, and now the previously more comfortably off are experiencing big increases in their mortgage repayments (caused by the rising interest rates) in addition to rising food and energy prices. Thanks to the BoE.
