The stubborn figure means interest rates are likely to rise again - an announcement is due on Thursday.
  • davidEnglish
    1·
    1 year ago

    What did they think was gonna happen? Interest rate rises aren’t gong to fix inflation, because household disposable income is NOT the driver of the inflation, rampant profiteering is. All it does is make the cost of living crisis worse.

    • davidEnglish
      1·
      1 year ago

      The price rises are on essentials like food, housing and power. It’s not household discretionary spending so you can’t fix it by reducing household income.