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UK raises interest rates as central banks focus on inflation

2 Comments
By PAN PYLAS and DAVID McHUGH

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2 Comments
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This will make no difference to inflation. It will just add to everyone's grief by increasing the cost of loans and mortgages on top of everything else.

Prices are rising due to crimped supply chains and a lack of labour mobility caused by government policies. If you remove a cog from a machine and it stops working, replacing the cog will fix it. Hymns and offerings will not.

They could increase interest rates to 5% or 10% and it still wouldn't fix the mess that government policies have caused.

0 ( +0 / -0 )

Rising fuel costs, rising food prices, rising tensions with the EU--things aren't looking good in the UK right now.

-1 ( +0 / -1 )

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