Indeed, I have a piece for North West Bylines out tomorrow noting that the current slowdown/recession which the media seems to be blaming on Reeves' budget actually has been largely (if not exclusively) caused by 18-24 months of BoE interest rate policy.... which commentators seem happy to ignore.
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Quixoticgeek
In response to this post@ChrisMayLA6 yeah. I don't agree with Reeves on a lot of things. But we shouldn't be blaming her for something that's actually the BOEs fault. Unfortunately the media in general don't seem to know the difference.
I still don't understand why the BOE MPC gets to be so powerful on this.
@quixoticgeek
Its to do with the narrative of independence; the financial services sector have their guys & gals in control at the BoE, and threaten the Govt. with a lack of confidence if inflation isn't controlled.... and (not just this) Govt. is to weak to call their bluff
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