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
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)?
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
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