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
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
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