Showing posts with tag: #BankOfEngland
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Emeritus Prof Christopher May
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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!
Tags: #interestrates #BankOfEngland Likes: 0 Replies: 3 Boosts: 1 |
@ChrisMayLA6 Reeves could tell the BoE to reduce interest rates if she chose. That is within her remit as Chancellor. But they want to maintain the illusion that the BoE is independent.
by JuneSim63 ;
@ChrisMayLA6 "Is Rachel Reeves a Lego Liz Truss?" 🤣 🤣
by MiniMia 🏴 🇵🇸 ;
@ChrisMayLA6 You know what they'll respond: sentiment (confidence).
by La lutte continue... ;