Aleksandr Solzhenitsyn, in his book “A day in the life of Ivan Denisovich” wrote “how can a man who is warm understand a man who is cold?” Coming from BoltonContinue readingThe case for increasing benefit payments
Tag: #debtinterest
In June, Rishi Sunak borrowed £23 billion to pay £19 billion debt interest, a record for a single month
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
The Bank Rate will rise to 1.75% on August 4th
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
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
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