Post by Baron von Lotsov on Aug 6, 2023 20:56:55 GMT
Inflation is the reason for these interest rate rises, the contributing factors high food and energy prices.
CAP them, the government need to step in and stop excessive profits, and bring them down to earth with a thud.
Mr & Mrs Jones paying another £200 a month on their mortgage are being punished for reckless lending in the BoE, who lent out to businesses, individuals during the COVID pandemic, and now can't get their money back because those they lent to were either fraudsters or gone bust, so now the homeowners must pay for their reckless investments.