Tag: UK debt
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Why I’m Not Cheering the Pre-Christmas Rate Cut: Focus on Inflation Over Hopes of Growth
Why the pre-Christmas rate cut isn’t a cause for celebration The move toward a pre-Christmas rate cut, while applauded by some as a lifeline for the economy, should be viewed with caution. The Bank of England’s Monetary Policy Committee (MPC) faces a delicate balance: support growth without letting inflation take a back seat. Right now,…
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Why I’m Not Cheering the Pre-Christmas Rate Cut: Inflation Must Come First
Why I’m not cheering the pre-Christmas rate cut Valiant though it is to support the economy, the MPC should be laser-focused on fighting inflation—especially now, with global investors who buy billions of pounds of UK government debt each month fast losing faith. The Bank of England’s decisions reverberate beyond the gilt market, shaping confidence in…