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%
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)?
I’m watching with amazement as Rishi Sunak defends his record on the economy at various Conservative Party Member hustings. He talks as if he were the only one that canContinue readingIn June, Rishi Sunak borrowed £23 billion to pay £19 billion debt interest, a record for a single month
Rishi Sunak is a strange guy. Does he even know what he stands for anymore? He is absolutely desperate to get into No. 10, because he will then be ableContinue readingSunak’s promises to lower income tax are “magical thinking”
With inflation now out of control, I think the Bank of England will raise interest rates to 1.75% when they meet for review on 4th August. It is inevitable simplyContinue readingThe Bank Rate will rise to 1.75% on August 4th
Having seen that the interest payment on UK debt was £19 BILLION in June 2022, up from £9.1 BILLION in June 2021, I was curious to see why this hadContinue readingI think Rishi Sunak has bankrupted the UK economy