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Bank of England expected to raise interest rates today | Paul Hawkins reports

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‘The cost of living is becoming the cost of surviving.’

GB News reporter Paul Hawkins discusses the cost of living crisis ahead of an expected rise in interest rates from the Bank of England.

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22 Comments

22 Comments

  1. @ep1929

    January 17, 2024 at 7:22 pm

    I think interest rates should have been risen a lot sooner, that way we wouldn't have the inflation we have now.
    I have a feeling we are in for years of financial turmoil, similar to the early 90's – house repossessions, businesses going under, reduced demand for goods and services – it doesn't look nice at all.

  2. @cagethepepper

    January 17, 2024 at 7:22 pm

    0.5% won't be enough to stop inflation, but any faster increases would crash the housing market. Inflation in the UK is actually 13.50% this year.

  3. @Jackie157_

    January 17, 2024 at 7:22 pm

    Look at who gains follow the money

  4. @Jackie157_

    January 17, 2024 at 7:22 pm

    Here we go here we go they are coming for your home's

  5. @Jackie157_

    January 17, 2024 at 7:22 pm

    Oh don't worry we will do what you done 2008 save the bank's to get richer

  6. @stuartwright8421

    January 17, 2024 at 7:22 pm

    Don't you just love how people look to the government to stave off destitution. The reason we are in this disgraceful shambles is 100% the fault of this Conservative??? government. (& I am a conservative). At the same time as they place fit, healthy, energetic, dynamic, young people under house arrest for nigh on 2 years. They completely & utterly fail to put the UK on the path to energy self sufficiency! About 90% less government is what we need. Not more! Their culpability in this whole crisis is axiomatic!

  7. @xanxus211

    January 17, 2024 at 7:22 pm

    Half a percent isn't enough.

  8. @insuretec

    January 17, 2024 at 7:22 pm

    Complete madness. Raising interest rates is Inflationary!

  9. @piglex1

    January 17, 2024 at 7:22 pm

    Bank of England? Joined at the hip to the Fed.Inflation is caused by government printing money to bribe voters and to engage in war and vanity projects like taking care of third-world invaders and HS2.Now it's time to pay up for all the things you voted for.'Free'' healthcare, welfare, armies of useless police , social workers, counselors, translators, emasculated military and monstrous bureaucracy.

  10. @jaybo8136

    January 17, 2024 at 7:22 pm

    Of course the CEO's of companies do not want the poor sods at the bottom asking for more money, than the £9.50 a hour

  11. @jaybo8136

    January 17, 2024 at 7:22 pm

    The interest on savings is rubbish!

  12. @arnolddalby5552

    January 17, 2024 at 7:22 pm

    We need to scrap the political government and the bank of England. There is no debt as bonds are artificial enslavement. We need a fractional reserve credit system, so when you deposit £10 in a bank you get the other £90 credit as well.

  13. @johnhigson7459

    January 17, 2024 at 7:22 pm

    All part of the plan.
    1. Devastate the economy and create artificial debt through unnecessary lockdowns.
    2. Create massive inflation through printing billions.
    3. Further impact the country through raising the cost of living via the “new green deal” etc.
    4. Raise interest rates so people can no longer afford their homes cars etc.
    5. Buy home owners out as part of a debt relief program so that they will “own nothing and be happy”

  14. @andrewhuggett5161

    January 17, 2024 at 7:22 pm

    The world needs a currency reset. We need to move back to sound money backed by gold.

  15. @myzamau428

    January 17, 2024 at 7:22 pm

    But hey, at least we failed to stop people getting the sniffles, right? Totally worth it. 🙄

  16. @fatnacker8931

    January 17, 2024 at 7:22 pm

    We've created the COVID debt by bad decisions, and you can pay for our mistakes.

  17. @rix195

    January 17, 2024 at 7:22 pm

    Raising interest rates to tackle high inflation is a blunt tool. In the process you are going to make people with mortgages not be able to afford making their mortgage payments every month if there mortgage payments keeps going up every quarter. Eventually it will lead to defaults and house repossessions.

  18. @xjay1234

    January 17, 2024 at 7:22 pm

    My mortgage is fixed rate at the moment.

  19. @MattyFreedom

    January 17, 2024 at 7:22 pm

    The biggest cost I have in life is government. If I didn't have that, none of the other cost rises would be that bad.

    Income tax
    National insurance
    Council tax
    VAT
    Fuel duty
    Inheritance tax
    TV licence
    Road tax
    Insurance tax
    Capital gains tax
    Drivers licence every 10 years
    Passport every 10 years
    Parking at carparks tax already paid for
    Inflation caused by printing money
    Inflation caused by high taxes
    Flight tax
    Alcohol duty
    Toll roads on roads paid for by Taxpayers already.

    Add it all together and let's be real. You don't have much left over.

    Slavery. The services we get back in return are not worth it and would be better if government were taken out of the equation.

  20. @jimbo7854

    January 17, 2024 at 7:22 pm

    inflation was caused by 0% rates and reckless policy

  21. @christinaraymond1167

    January 17, 2024 at 7:22 pm

    My greatest happiness is the $28,000 weekly profit I get consistently

  22. @tomjones5338

    January 17, 2024 at 7:22 pm

    The Rothschild's bank of England

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