Bernie Ecclestoned to UK [email protected]English • 1 year agoBank of England to hoist interest rates to 5.75 per cent as experts warn UK inflation is out of controlwww.cityam.comexternal-linkmessage-square4arrow-up111arrow-down10file-text
arrow-up111arrow-down1external-linkBank of England to hoist interest rates to 5.75 per cent as experts warn UK inflation is out of controlwww.cityam.comBernie Ecclestoned to UK [email protected]English • 1 year agomessage-square4file-text
minus-squareBernie EcclestonedOPlinkEnglish4•1 year agoAs the saying goes “Never let the truth get in the way of a good story” but: -Gilt yields are through the roof -Job report was hotter than expected -Wages grew at 7.2% And we’re now definitely in a wage price spiral according to Bailey along with slow growth. Classic 70’s style stagflation The only silver lining is that it seems the Tories won’t be saved at the next election by inflation dropping like a stone like they hoped
minus-square@[email protected]linkfedilinkEnglish2•1 year agoTories are dead in the water, and Fishy Rishi is well primed to take the fall - not that he will mind a bit of scapegoating, he will sit back with his billions and go on to be a Tory Blair or whatever. The rest of us are wrll fucked though
As the saying goes “Never let the truth get in the way of a good story” but:
-Gilt yields are through the roof
-Job report was hotter than expected
-Wages grew at 7.2%
And we’re now definitely in a wage price spiral according to Bailey along with slow growth.
Classic 70’s style stagflation
The only silver lining is that it seems the Tories won’t be saved at the next election by inflation dropping like a stone like they hoped
Tories are dead in the water, and Fishy Rishi is well primed to take the fall - not that he will mind a bit of scapegoating, he will sit back with his billions and go on to be a Tory Blair or whatever.
The rest of us are wrll fucked though