Bank of England holds interest rate at 4.75% after November inflation rise
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I thought things were meant to be better under a left wing government 🤣
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Blockbuster public sector, pay rises – surprise, surprise, rates cannot be cut.
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The economy is literally falling apart, and these clowns keep the interest rates on hold.
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We cannot digest this until the intellectual powerhouse that is David Lammy gives us his opinion
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More economic pain courtesy of Rachel from accounts.
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I’m long on GBPUSD needed this MF to get cut 😩
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Is this what Reeves means by fixed?
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Food up , fuel bills up council tax up some wages up. Interest rates should have remained at 5per cent.
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severe recession coming in 2025 and will last for 2 years. Means unemployment UP, mortgages UP as its the bond markets that make that decision, property prices DOWN…………………..as usual.
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Farmer protest.."how" update
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Austerity, Austerity…The whole life of workers is about how we will be slaves to the banks for 30 years for a pittance of a roof. That's why we live to be slaves all our lives!!!
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What the hell is ths chancellor playing at? So much pain, no gain, but losing ground all the time?
They seem to be flogging the vulnerable, talking down the situation and failing to tacke the corporate tax dodgers whilst keeping immigration so far ahead that ee can never catch up.
Its no joke.
These are real lives they are making miserable and almost unliveable.
They have ruined the perception of what a Labour Party is. Theyll never get near power again after this. Its political suicide. Death by 1000 cuts. -
At the moment, inflation is triggered by greed. The Bank of England can not control greed.
Price increase is a choice.
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Wages do not drive inflation, they are a response to the falling value of currency, this totally false narrative presented by the mainstream media is a puerile attempt at shifting the responsibility for this onto working people, inflation driven solely by Sovereign Government printing worthless scraps of paper, nothing else.
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25%+ public sector pay increases, taxes on business, interest rates will after go up 2nd half of 2025 to counter inflation rising again.
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Artificial wage growth by government intervention, not a booming economy, higher costs for products and services, higher costs for business, it’s inflationary and interest rates will remain. Housing market is likely to continue to stagnate with new mortgages at 5% or above and don’t forget stamp duty.
This country is a tax and benefits machine and has no sense when it comes to innovation and growth.
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It is very peculiar all other central banks are reducing thair interest rate accept UK no wandering that the economy is in such a mess
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Not fit for purpose,needs reform fast, recession guaranteed,they keep moving the goal posts because of there mistakes.
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