I refuse to believe they didn’t know this would happen.
When you consider that there are more than 3000+ people working in Parliament and at no point did *anyone suggest to any of them that this would be a terrible, stupid idea*.
This isn’t accidental, they’re devastating and then asset stripping the country.
These politicians aren’t incompetent, they’re corrupt and malicious.
Great. They’ll have to give another 200bn support package to help us pay our mortgages.
I get that this is absolutely miserable for people who are on variable rate mortgages or those whose fixed rate is about to end, but I think we just need to bite the bullet here and raise the percentage to an amount that actually will make a difference in one go or ASAP.
Its apparent to everyone that the BOE suits meeting up over a cup of tea and decreeing a quarter or half step percentage increase every so often is a fart in a hurricane.
This drip drip or walking it up super slowly, if anything, just gives the whole thing unnecessary theatre and increases people’s anxiety.
Why didn’t they just do 75pts instead of 50 anyway like every prediction said?
At least in 92 when they crashed the pound they did it just after they’d won an election, these fuckwits can’t even get that right.
If the Govt had done absolutely nothing this week, we’d actually be better off and have had more tax revenue next month.
They need to stay on fucking holiday.
Shitshow
Listen to Deutsche Bank, the world’s premier money launderers.
Sorry remind me who played a huge part in the global financial crises? Deutsch Bank, nah can’t have been surely
They can go 20% next week and yet still see the sterling slide
i don’t see the logic in raising the interest rate and reducing the amount of tax on income that people pay.
my understanding is interest rates are put up so people have less to spend which in turn forces inflation down. so how does less money through interest rates help if people have more via less tax
Yey about bloody time. Rates have been a joke for far too long.
No shit. Our idiot government didn’t understand that this is what would happen, cancelling out any even slight growth benefits their nonsense budget would have created.
I still don’t understand how interest rate rises are going to combat inflation when it’s driven by supply shortages rather than people spending too much. Like the cost of living has already gone up everywhere else, what good is a more expensive mortgage/rent/loan repayment going to do?
Feels like they have one lever to pull in situations like this and they feel like they have to be seen to be doing something.
13 comments
I refuse to believe they didn’t know this would happen.
When you consider that there are more than 3000+ people working in Parliament and at no point did *anyone suggest to any of them that this would be a terrible, stupid idea*.
This isn’t accidental, they’re devastating and then asset stripping the country.
These politicians aren’t incompetent, they’re corrupt and malicious.
Great. They’ll have to give another 200bn support package to help us pay our mortgages.
I get that this is absolutely miserable for people who are on variable rate mortgages or those whose fixed rate is about to end, but I think we just need to bite the bullet here and raise the percentage to an amount that actually will make a difference in one go or ASAP.
Its apparent to everyone that the BOE suits meeting up over a cup of tea and decreeing a quarter or half step percentage increase every so often is a fart in a hurricane.
This drip drip or walking it up super slowly, if anything, just gives the whole thing unnecessary theatre and increases people’s anxiety.
Why didn’t they just do 75pts instead of 50 anyway like every prediction said?
At least in 92 when they crashed the pound they did it just after they’d won an election, these fuckwits can’t even get that right.
If the Govt had done absolutely nothing this week, we’d actually be better off and have had more tax revenue next month.
They need to stay on fucking holiday.
Shitshow
Listen to Deutsche Bank, the world’s premier money launderers.
Sorry remind me who played a huge part in the global financial crises? Deutsch Bank, nah can’t have been surely
They can go 20% next week and yet still see the sterling slide
i don’t see the logic in raising the interest rate and reducing the amount of tax on income that people pay.
my understanding is interest rates are put up so people have less to spend which in turn forces inflation down. so how does less money through interest rates help if people have more via less tax
Yey about bloody time. Rates have been a joke for far too long.
No shit. Our idiot government didn’t understand that this is what would happen, cancelling out any even slight growth benefits their nonsense budget would have created.
I still don’t understand how interest rate rises are going to combat inflation when it’s driven by supply shortages rather than people spending too much. Like the cost of living has already gone up everywhere else, what good is a more expensive mortgage/rent/loan repayment going to do?
Feels like they have one lever to pull in situations like this and they feel like they have to be seen to be doing something.