The UK has a problem with high rates of inflation (officially 10.1%), unaffordable energy prices (from Oct 1st, electric will be 52p per KWh and gas 15p per KWh), publicContinue readingCheckmate. The UK economy is Sunakered
Rishi Sunak has spent weeks arguing that the biggest problem in the UK today is inflation, and, he is right on this matter. But he doesn’t ever mention the factContinue readingSunak allowed £billions in QE then introduced the cash into the UK economy. How did he not know this causes inflation?
The UK is awash with debt, due to quantitive easing by the Bank of England in response to the pandemic. Today, figures have been released to show that, in JuneContinue readingUK debt INTEREST payments may total £104bn in 2022/23, £21bn more than the OBR anticipated