Yeah. Ultimately this is the BoE’s fault for not acting faster and harder. Interest rates would still have gone up but the pain may have been less severe.
Sunak was a fool for trying to take credit for Inflation. He based it on the optimistic predictions that inflation would rapidly come under control and improve towards the end of the year. Instead inflation is not shifting, and interest rates are likely to need to stay higher for longer and probably go up further, plus we’re now realistically looking at a potential recession.
Sunak is out of his depth, and it’s yet another poor leader in a run of 4 now (May, Johnson, Truss) showing how depleted the Conservative party is of talent and any sort of vision.
Yeah. Ultimately this is the BoE’s fault for not acting faster and harder. Interest rates would still have gone up but the pain may have been less severe.
Sunak was a fool for trying to take credit for Inflation. He based it on the optimistic predictions that inflation would rapidly come under control and improve towards the end of the year. Instead inflation is not shifting, and interest rates are likely to need to stay higher for longer and probably go up further, plus we’re now realistically looking at a potential recession.
Sunak is out of his depth, and it’s yet another poor leader in a run of 4 now (May, Johnson, Truss) showing how depleted the Conservative party is of talent and any sort of vision.
deleted by creator