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
Tag: #bankofengland
If Sunak gets elected PM interest rates won’t rise
I’m seeing a lot of folk on Twitter referring to an article in The Times which states that the tax cuts proposed by Liz Truss will lead to a UKContinue readingIf Sunak gets elected PM interest rates won’t rise
I think Rishi Sunak has bankrupted the UK economy
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
UK debt INTEREST payments may total £104bn in 2022/23, £21bn more than the OBR anticipated
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