A further increase will only create more misery and further demands for pay rises from our exhausted public workers means that the average mortgage has risen in cost by £240 per month since the end of 2021
We shouldn’t forget that the level of sterling, which plummeted after the referendum in 2016 and never fully recovered, has also had an impact on inflation as we have an economy that has always imported more goods in modern times than we have exported.
NicolaHorlick ipaperviews Sorry. The problem is high demand but raising rates won’t bring it down What effect will raising rates have on demand? Bizarre article
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