The Conservative Party

Sam Coates Sky news - are you happy with the BoE doing whatever it takes even if it results in recession

Hunt Chancellor and **** - yes because I am a millionaire and I face no consequences for me

yes I paraphrase but.....

 
Is increasing interest rates really the best thing to do to bring down inflation? The theory surely is to reduce spending and suppress demand, but demand is already suppressed by the cost of living (inflation) that's nothing to do with an unsustainable boom.
 
Is increasing interest rates really the best thing to do to bring down inflation? The theory surely is to reduce spending and suppress demand, but demand is already suppressed by the cost of living (inflation) that's nothing to do with an unsustainable boom.

Demand is still there Vic, its all being lumped on credit cards for many and thats the next car crash waiting round the corner for millions.
 
Is increasing interest rates really the best thing to do to bring down inflation? The theory surely is to reduce spending and suppress demand, but demand is already suppressed by the cost of living (inflation) that's nothing to do with an unsustainable boom.
Tory plan is to get a six month period where things are steady lined up for before the next election. It's only after that interest rates will start kicking in for most people with mortgages. It will be a profound shock. It'll go downstream for people in rented accomodation. Only then we'll really discover the true cost of this approach.
 

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