Interest rates rise again – are the banks deliberately prolonging recession?

Last Updated: December 16, 2022By Tags: , , , , ,

The Bank of England has put interest rates up again – claiming that this is an attempt to fight inflation.

But inflation caused domestically – within the UK – is much lower than the 10.7 per cent rate that has been announced during the week, and falling (from 6.5 per cent to 6.3 per cent).

The higher rate is caused by price increases that cannot be changed by interest rate rises within the UK; we simply have to wait for these prices to drop. They are the result of political decisions to put the UK at the mercy of foreign businesses and influences.

Let’s have an example of mainstream media reporting on this:

And now the view from one of our favourite political economists:

Yes, that’s right. The inflation we’re suffering will be unaffected by UK interest rate rises.

All this decision will do is create further hardship for homeowners and small businesses, and prolong the recession that stupid Tory political decisions have caused.

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One Comment

  1. Jill Darbyshire December 16, 2022 at 2:10 pm - Reply

    Well they have to get the money back for all those guilts they bought to save private pensions, from somewhere! Of course the British public always pay in the end.

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