They've chucked up interest rates again

which I don't think will do anything to curb inflation, given inflation is being driven by energy prices (and, whisper it, Brexit) and not big consumer spending and wage rises.

Posted By: jamesward on May 5th 2022 at 13:00:09

Message Thread

Bank of England say we’re heading for recession (n/m) (General Chat) - SCC 28, May 5, 12:55:38
- Oh great I spoke that means there’ll be even more people (General Chat) - Nelsons final flanel, May 5, 20:00:02
- I think we are kind of due..... (n/m) (General Chat) - usacanary, May 5, 17:24:02
- Yay I love how this country is being run. So happy 😃 (n/m) (General Chat) - ChampsChamps2023, May 5, 13:20:29
  - other countries to live in are available ..... (General Chat) - ghostof barry butler, May 5, 13:52:31
    - And they’re probably also heading for a recession (General Chat) - Thorpey_C, May 5, 19:01:26
    - I am a patriot. I want this country to be the best it can be. I love this country (General Chat) - ChampsChamps2023, May 5, 13:56:37
    - maybe we cld all club together for the ticket? (n/m) (General Chat) - paulg, May 5, 13:55:50
      - Other countries also have the internet... (n/m) (General Chat) - jamesward, May 5, 14:00:33
        
        🤣🤣 (n/m) (General Chat) - protheroe fitzgibbon, May 5, 14:36:45
      - Or improve this country somehow. Clearly failing in the past decade (n/m) (General Chat) - ChampsChamps2023, May 5, 13:57:32
    - Much harder now apparently (n/m) (General Chat) - SCC 28, May 5, 13:54:07
- Don't think an official recession as not two consecutive quarters (n/m) (General Chat) - Azteca, May 5, 13:02:11
  - Predicting that next year aren't they? (n/m) (General Chat) - jamesward, May 5, 13:03:40
    - Appears not (General Chat) - SCC 28, May 5, 13:05:09
      - Guess they mean overall economy will shrink between end of this year (General Chat) - jamesward, May 5, 13:07:25
        
        The new trade deals should make everything better (n/m) (General Chat) - ChampsChamps2023, May 5, 14:05:20
        
        Ah (n/m) (General Chat) - SCC 28, May 5, 13:09:33
- what the fuck do they know !! (n/m) (General Chat) - ghostof barry butler, May 5, 12:57:06
  - They've chucked up interest rates again (General Chat) - jamesward, May 5, 13:00:09
    - They're trying to avoid a 1970s wage/price spiral. Hopefully (General Chat) - CB41, May 5, 13:19:34
    - and covid and the war (n/m) (General Chat) - Chris Peacock, May 5, 13:02:21
      - Energy prices partly a consequence of the war, yes (General Chat) - jamesward, May 5, 13:03:26
        
        ... (General Chat) - CB41, May 5, 13:50:32
        
        Covid has impacted the cost of importing goods generally, hasn't it? (General Chat) - SimonOTBC, May 5, 13:30:04
        
        Fair enough (n/m) (General Chat) - jamesward, May 5, 13:56:34
        
        endng covid restrictions had an inflationary impact too (General Chat) - paulg, May 5, 13:40:54
        
        ^^lockdown fanatic (n/m) (General Chat) - SCC 28, May 5, 13:48:46
        
        lock everyone up, close the airports, shut the shops - that'll cure it. (n/m) (General Chat) - paulg, May 5, 13:53:29
        
        Certainly the Chinese plan! (n/m) (General Chat) - SCC 28, May 5, 13:56:12
        
        Yes (General Chat) - Old Git, May 5, 13:33:06
        
        And caused supply issues generally (n/m) (General Chat) - SimonOTBC, May 5, 13:32:59
    - Great news for savers (General Chat) - SCC 28, May 5, 13:02:16
      - Yeah, can get 1.5% (General Chat) - jamesward, May 5, 13:02:40
        
        I'm getting 2.4 at Coventry BS. 3 year lock in, matures next year (n/m) (General Chat) - CB41, May 5, 13:21:05
        
        Yeah, was talking about instant access savings accounts only (n/m) (General Chat) - jamesward, May 5, 13:22:17
        
        Chase? (General Chat) - SCC 28, May 5, 13:06:58
        
        Yep, that's the best one atm (General Chat) - jamesward, May 5, 13:08:00
        
        GTFI (n/m) (General Chat) - SCC 28, May 5, 13:09:57
        
        Thank god they're bringing back triple lock next yesr (n/m) (General Chat) - CB41, May 5, 13:22:30
  - They think inflation will be above 10% soon (n/m) (General Chat) - SCC 28, May 5, 12:59:11
    - I just arrived back to the UK from Lithuania (General Chat) - Timmy_Goat, May 5, 13:22:51
      - but the government will be held accountable (n/m) (General Chat) - ghostof barry butler, May 5, 13:53:50

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