Or, they could leave them alone (or even reduce them) and let the governments economic policy play out. Greater tax income and a stronger economic plan to manage debt would boost the pound and therefore curb inflationary pressure from imports.
However, this would mean putting in place taxes...
My view is different.
I believe this inflation is an adjustment to a new geopolitical and economic climate and in this case, it's arguably a one off event. Prices will rise and will stay at those levels, Inflation is simply not going to compound as it is not systemic inflation within the...
And quite frankly, it's madness. Raising interest rates is almost guaranteed to plunge us into a deeper recession.
The reason to raise interest rates is to counter wage inflation. Inflation currently isn't driven by wage inflation, it's supply chain challenges due to Russia and Brexit.
All...
Sad times. Sunak will stick around for two years. Despite any of his policies, inflation will fall. He will be held up as a stablising influence over an economy which has suffered under his party
People will forget this shitshow and vote conservative. The general election will be closer than...
It doesn't really matter.
In my view growth is simple. It's either delivered through improving the way things are done (efficiency) or by having more labour in the market to drive output.
The conservatives generally struggle to spend on infrastructure projects and services due to having...