Mark Carney [Image: PA].

Mark Carney [Image: PA].

Bank of England Governor Mark Carney seems to know the value of understatement.

Life will “get difficult” for the most vulnerable people in Britain, he says – as if it isn’t already intolerable now.

Has he forgotten the thousands who died during the David Cameron administrations because the Conservative-led governments denied them the benefits that were theirs by right?

I don’t just mean the few thousand who the DWP grudgingly admitted were recorded as having died, either – it is likely that many more passed on in the weeks and months after the civil servants doing the Tories’ dirty work stopped monitoring them.

And what about the jobs Mr Carney reckons his interest rate cut has safeguarded? Are they real jobs, by which I mean are they full-time jobs that pay a proper living wage and don’t require the worker to claim benefits as well?

I doubt it.

So it seems we’ll see a huge increase in hardship over the next few years, due to Brexit. Was that the plan?

Was there a plan?

If so, it seems around 17 million people were suckered.

Life will “get difficult” for the most vulnerable people in Britain as inflation rises in the coming months due to the sharp depreciation of sterling in the wake of the Brexit vote, the Bank of England’s Governor Mark Carney has said.

Speaking in Nottingham at a public roundtable event, Mr Carney said that inflation was likely to overshoot the Bank’s official 2 per cent target over the coming years but that the Bank would tolerate this in order to protect jobs.

“We are willing to tolerate a bit of an overshoot to avoid unnecessary unemployment,” he told a group of charities and other third sector organisations.

He added that between 400,000 and 500,000 jobs could have been at risk if the Bank of England had not cut interest rates in August to 0.25 per cent.

Source: Brexit latest: Life will ‘get difficult’ for the poor due to inflation says Mark Carney | The Independent


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