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Post by johnofgwent on Apr 26, 2023 9:54:26 GMT
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Post by Pacifico on Apr 26, 2023 10:41:20 GMT
BoE loses control of inflation and its everyone else's fault apart from the Bank.
Twat.
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Post by Vinny on Apr 26, 2023 11:38:24 GMT
The USA subsidises fuel, resulting in low fuel prices.
Is it time our government did something similar as a short term measure in response to the war?
A result of that would be more money in the public's pockets.
And more disposable money that would be taxed.
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Deleted
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Post by Deleted on Apr 26, 2023 12:49:00 GMT
BoE loses control of inflation and its everyone else's fault apart from the Bank. Twat. How, pray, do the BoE stop inflation? |
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Post by Vinny on Apr 26, 2023 13:04:43 GMT
Things that can be done to reduce inflationary pressures on the public:
Cut VAT.
Cut fuel taxes.
Cut income tax on low earners.
Increase oil and gas production in the short term.
Build a large number of houses to stem house price inflation and price related rent rises.
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Post by steppenwolf on Apr 26, 2023 14:26:27 GMT
BoE loses control of inflation and its everyone else's fault apart from the Bank. Twat. How, pray, do the BoE stop inflation? I think that Rishi Sunak is primarily to blame for our current inflation because he spent £400 billion on furlough. It's pretty obvious that the BoE printed this money (i.e. QE) - and possibly also the £50 billion Sunak pissed away with "Bounce back" loans. Sunak was, at the time, preparing his "Ready for Rishi" campaign to be PM by stabbing Boris in the back. He needed to get the public on his side. It was obviously a stupid policy and the BoE should have - at the very least - reined Sunak in. But they just kowtowed to the little ****. That's how the BoE loses control of inflation. The BoE are meant to be in control of the money supply. Mervyn King would never have done this. |
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Post by Pacifico on Apr 26, 2023 14:26:40 GMT
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Deleted
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Post by Deleted on Apr 26, 2023 16:06:54 GMT
How, pray, do the BoE stop inflation? I think that Rishi Sunak is primarily to blame for our current inflation because he spent £400 billion on furlough. It's pretty obvious that the BoE printed this money (i.e. QE) - and possibly also the £50 billion Sunak pissed away with "Bounce back" loans. Sunak was, at the time, preparing his "Ready for Rishi" campaign to be PM by stabbing Boris in the back. He needed to get the public on his side. It was obviously a stupid policy and the BoE should have - at the very least - reined Sunak in. But they just kowtowed to the little ****. That's how the BoE loses control of inflation. The BoE are meant to be in control of the money supply. Mervyn King would never have done this. So the bank of England should have said, no. Who is running this country the BoE or the government? |
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Deleted
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Post by Deleted on Apr 26, 2023 16:09:33 GMT
Oh dear. Every year, the Chancellor sets out a framework under which we, the BoE, have to set monetary policy. They send this to our Governor in a remit letter. |
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Post by dodgydave on Apr 26, 2023 16:50:37 GMT
Personally, I think he was clumsily trying to say that the government cannot shelter you from all hardship.
A couple of years of hardship vs government subsidy and an extended period of inflation, after which we will owe even more money.
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Post by Pacifico on Apr 26, 2023 17:07:18 GMT
Oh dear. Every year, the Chancellor sets out a framework under which we, the BoE, have to set monetary policy. They send this to our Governor in a remit letter. Well if you are saying the Bank is not up to the job, then what is the point of them? |
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Deleted
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Post by Deleted on Apr 26, 2023 17:55:57 GMT
Oh dear. Every year, the Chancellor sets out a framework under which we, the BoE, have to set monetary policy. They send this to our Governor in a remit letter. Well if you are saying the Bank is not up to the job, then what is the point of them? It is not their job, they can only work within the framework set by the government, but you knew that. |
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Post by sandypine on Apr 26, 2023 19:28:16 GMT
Well if you are saying the Bank is not up to the job, then what is the point of them? It is not their job, they can only work within the framework set by the government, but you knew that. I thought Brown set the BoE free from political control? |
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Post by Pacifico on Apr 26, 2023 21:25:55 GMT
Well if you are saying the Bank is not up to the job, then what is the point of them? they can only work within the framework set by the government, but you knew that. Since when? - their own website tells you that their job is to keep inflation at 2%. When do you believe this changed? |
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roots
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Post by roots on Apr 26, 2023 21:34:32 GMT
For nearly two years the general populace were prevented from spending their money as they wished.
No holidays. £4000/yr
No new car. £1500/yr
No meals out. £1200/Yr
No traveling to work. £1000/Yr
No days out/entertainment. £2000/Yr
Etc, etc, etc.....
And then, all of a sudden that accumulated cash can be spent freely.
Shock, horror, inflation!
No shit sherlock.
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