Business UK
Bank of England raised interest rates to BED DOWN ON INFLATION argues Dr Andrew Lilico
‘The Bank of England felt it needed to raise rates again in order to bed down on inflation.’
Executive Director of Europe Economics, Dr Andrew Lilico, explains why the Bank of England raised interest rates to 4.25%.
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Reform UK’s Suella Braverman has accused both Labour and the Conservatives of “gaslighting” the Jewish community. It comes …
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Business UK
The questions Andy Burnham MUST ANSWER | Manchester, UAE and Man City scrutiny intensifies
What questions are being raised about Andy Burnham, Manchester City and the UAE? On Off the Record, Kelvin MacKenzie, Spectator deputy editor Freddie Gray and GB News presenter Patrick Christys discuss the scrutiny surrounding the prime minister, Manchester City and alleged links to Abu Dhabi.
The panel examines the questions surrounding Andy Burnham, the relationship between football, investment and politics, and what the debate could mean for Manchester.
Plus, the panel tackles Britain’s economy, immigration, Donald Trump and Ukraine, and the latest political rows.
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Plain-speaking, straight-talking – Michelle Dewberry delivers her individual take on the day’s news. Keep up to date with the latest …
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‘He’s far better than Starmer!’
Reform Mayor of Greater Lincolnshire Andrea Jenkyns has had her say on Labour’s upcoming Budget, calling for greater devolution powers, increased funding in defence and a move away from net zero measures in the interest of Britain’s economy.
Jenkyns has also compared the Labour Government under Andy Burnham, compared to how it was under Keir Starmer, particularly with a focus on local issues.
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@ashredfern8507
January 16, 2024 at 3:23 am
If you allowed fracking as liz truss tried to do , fuel prices would be under control and gas prices. This means manufacturers and suppliers can reduce costs etc etc. Fuel costs pushed inflation up which pushed up interest rates! Rishi stopped fracking 2 days after getting into power unelected btw. He had 820mil in wealth I guess he laughing now he and his rich MPs got their pockets filled they are laughing looking to retirement.
@grantsapain
January 16, 2024 at 3:23 am
This is an internal Israeli issue. The "international community" needs to mind it's own business…
@garagenigel
January 16, 2024 at 3:23 am
We are only raising rates because the yanks are! Inflation isn't being caused by the UK population! The cost of food going up doesn't warrant a rate raise! It's not rocket science!
@razkhan2958
January 16, 2024 at 3:23 am
Interested rates going up by the bank of England
@potnoogle5780
January 16, 2024 at 3:23 am
House prices are not going down. Corrupt government and bullocks system.
@someguyUK
January 16, 2024 at 3:23 am
Hear me out… But maybe its the massive transfer of wealth to the rich, thats driving inflation? Maybe its them that are spending hard? Maybe the gov could tax them to reduce inflation, instead of rate raises….
Or maybe to much money has been printed 😂
@grahamjackson6589
January 16, 2024 at 3:23 am
Longer g7+ goes down this path without tax cuts and deregulation the worse it'll get.
It'll cause the biggest swing right that we've ever seen and it's only a matter of time.
Fighting a supply side issue with demand side tools is the opposite of what should have been done.
@MrAndyblue52
January 16, 2024 at 3:23 am
This will last for years we have been taken for fool's
@MrAndyblue52
January 16, 2024 at 3:23 am
Printing vast amounts of cash calling it quantive easing equals inflation
@tammymarks
January 16, 2024 at 3:23 am
They're bending down the people, not inflation.
@jm19592011
January 16, 2024 at 3:23 am
So, because of energy price rises everyone is experiencing higher prices. And the BoE's answer is to make-people-pay-more because their mortgage and business loan repayments are higher? Stellar.
@stephfoxwell4620
January 16, 2024 at 3:23 am
Surely to bear down as in pressing a weight.
Bed down is going to sleep.
@jim-es8qk
January 16, 2024 at 3:23 am
How does increasing intrest repayments to farmers solve food inflation? It just increases costs, pushes them out of business and makes the problem worse.
@Dezzasheep
January 16, 2024 at 3:23 am
The spectre of CBDC is just around the corner.
@shaw99livecouk
January 16, 2024 at 3:23 am
Rates going to 15% .Remember the 1980s and rates at 19% I do…
@markwilliams-px3rx
January 16, 2024 at 3:23 am
DR or specialist in this day and age is equally to the magic man of yesterday !!
#useless
@francescostello1377
January 16, 2024 at 3:23 am
Watch professor Richard Wolff for all financial info. The UK is screwed both politically and financially,
@evolassunglasses4673
January 16, 2024 at 3:23 am
All our problems are just symptoms of central Bankers.
@JGZ.
January 16, 2024 at 3:23 am
BofE is a puppet of the US.
@stequality
January 16, 2024 at 3:23 am
Wef are happy
@thecouncilestategardener4999
January 16, 2024 at 3:23 am
I think that's why british government allowed all the refugees / immigration asylum however they want to word it…. more people to vote 🤔
@IamColonel1
January 16, 2024 at 3:23 am
Another economist who doesn't seem to know what he is talking about! Interest rates are risen by central banks (who no longer control the commercial banks in the UK) in order to make it more attractive to the global financial market to lend money, but not too high to make the UK economy look bad. If the market thinks the economy is bad, it will expect interest rates to increase in order to justify the risk of holding UK debt. UK debt is so large that the interest the govt is paying is very big (and getting bigger). Debt to GDP is about 97%?
I often think economists are still stuck in the 70s mindset, when international markets and gilts were not as important as today. And govt debt wasn't astronomical.
@imbonkers3629
January 16, 2024 at 3:23 am
Printed £16 billion last month to borrow to the government, as long as we print money 💰 inflation stays high , so stop lying 🤥🙈
@MJ-YT-USR
January 16, 2024 at 3:23 am
they could put the rate up to 20%, it still wouldn't significantly lower inflation. People are not voluntarily spending more money on non-essentials, they are spending more money on essentials.Text book fiscal and economic rules went out the window in 2008.
@doogleticker5183
January 16, 2024 at 3:23 am
Bear down on inflation? Or upon the citizens of the UK!!
@liverloop123
January 16, 2024 at 3:23 am
We are heading for a recession. A long painful one.
@cosifantutte1071
January 16, 2024 at 3:23 am
Inflation will continue to rise due to currency creation, not opinion; just fact