Bank of England Hikes Interest Rates to 0.5%. mdi-fullscreen

The Bank’s economists calculate that real post-tax labour income will fall by 2% in 2022 and half-a-percent in 2023, the biggest drop since the recession of 1990. The rising tax burden plus inflation makes it hard to believe that voters will be better off in 2024 than they were in 2019. Particularly as the Bank of England now forecasts that inflation will peak at over 7%…

mdi-timer February 3 2022 @ 12:04 mdi-share-variant mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-printer
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