Richard Murphy personal blog
Profits are driving inflation. When will politicians and the BoE admit it?
The Bank of England has raised interest rates to 4%, supposedly to tackle inflation. There is just one problem with this decision. The Bank knows that much of the inflation we are suffering is being driven by rising oil and energy prices, largely resulting from conflict in the Middle East. It also...
- Points
- 122
- HN comments
- 175
- Submissions
- 1
- Cited by
- 0 commenters
Tech Industry & BusinessSociety, Policy & Culture2023
On Hacker News
| Submitted | Title on HN | Points | Comments |
|---|---|---|---|
| Jun 27, 2023 | Profits are driving inflation. When will politicians and the BoE admit it? by FollowingTheDao | 122 | 175 |
