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
If the polls are correct, then Liz Truss will become Prime Minister of the UK on September 5th. Her policies are starting to become known and they’re probably going toContinue readingEnergy prices will NOT be frozen this Winter and interest rates will continue to rise
You may think things are bad in the UK at the moment, but, it’s going to get a lot worse in the coming six months. Inflation today is 10.1% measuredContinue readingThe Cost of Living Crisis has just started
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?
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
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, 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”