Years of Quantatative Easing and low interest rates, plus the illogical lockdowns, have combined to produce high inflation, unaffordable energy prices and high(er) interest rates. Many people are bemused, theyContinue readingPrices will not be going down, so, get used to it
Month: August 2022
How does an interest rate rise bring down the high cost of energy in the UK?
Many people have stated that the high price of wholesale gas has led to massive hikes in the unit cost of electricty and gas in the UK. OK, I sortContinue readingHow does an interest rate rise bring down the high cost of energy in the UK?
The Bank of England has raised interest rates to 1.75%
The Bank of England, today, raised interest rates to 1.75%. The rise of 0.5% (50 basis points) is the biggest rise in twenty seven years. The vote was eight toContinue readingThe Bank of England has raised interest rates to 1.75%
Ofgem changes energy price cap changes to every three months (was every six months)
In April, energy prices rose by 54% under Ofgem’s energy price cap, over the next six months, increases in the wholesale price of gas led to a 77% increase inContinue readingOfgem changes energy price cap changes to every three months (was every six months)
Will interest rates rise to 1.75% today (or will they go higher)?
The Bank of England meets today to determine if interest rates need to be higher than the current rate of 1.25%. We will know shortly what they’ve decided, but theContinue readingWill interest rates rise to 1.75% today (or will they go higher)?
China blockades Taiwan as Pelosi leaves
The mission by the USA to start a hot war with China moved a step closer today as Nancy Pelosi left Taiwan. China has surrounded the island, effectively blockading theContinue readingChina blockades Taiwan as Pelosi leaves
UK businesses are going bust at record levels
Company insolvencies are 81% higher than the same time last year. Between the 1st April and 30th June 2022 (Q2 2022), there were 5,629 (seasonally adjusted) registered company insolvencies, comprisingContinue readingUK businesses are going bust at record levels
Nancy Pelosi opens a new front in the war against “autocracy”
Not content with fighting the autocrats in the Kremlin, Nancy Pelosi yesterday opened up a new front in the war against autocracy by landing in Taipei, Taiwan. Her plane wasContinue readingNancy Pelosi opens a new front in the war against “autocracy”
Ballot papers delayed in Conservative Leadership Contest
The ballot papers in the Tory Leadership contest were supposed to be delivered to Party Members today, but, due to concerns over the potential abuse of process, ballot papers haveContinue readingBallot papers delayed in Conservative Leadership Contest
The G7 wants to cap Russian gas prices. I think the UK should cap Centrica, BP, and other generators.
It was only a short while ago that Boris Johnson the Prime Minister of the United Kingdom met up with other G7 leaders in Madrid. They came up with aContinue readingThe G7 wants to cap Russian gas prices. I think the UK should cap Centrica, BP, and other generators.