Emeritus Prof Christopher May's Post

We've seen a lot of commentary linking Rachel Reeves' autumn budget, to the current economic slowdown (often linking this to business sentiment).... but, its unlikely that as yet un-enacted tax changes would have already had an impact.

No, if you want to know why the UK is in a quasi-recession, then a better place to look is the Bank of England's interest rate policy of the last 18-24 months that has economic slowdown as its explicit aim!

#InterestRates #BankOfEngland

https://northwestbylines.co.uk/politics/economy/is-rachel-reeves-budget-the-real-cause-of-the-latest-economic-slowdown/