☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.mlEnglish · 1 year agoBritain Faces Recession and Flood of Job Losses if Rates Hit 6%archive.phexternal-linkmessage-square2fedilinkarrow-up14arrow-down15
arrow-up1-1arrow-down1external-linkBritain Faces Recession and Flood of Job Losses if Rates Hit 6%archive.ph☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.mlEnglish · 1 year agomessage-square2fedilink
minus-square☆ Yσɠƚԋσʂ ☆@lemmy.mlOPlinkfedilinkEnglisharrow-up0arrow-down1·1 year agoThe other effect of raising rates is that cost of living goes up, and that’s why UK is headed for recession now. The only two levers capitalist economies have are raising rates or doing QE, now both of these tactics are leading to severe problems.
The other effect of raising rates is that cost of living goes up, and that’s why UK is headed for recession now. The only two levers capitalist economies have are raising rates or doing QE, now both of these tactics are leading to severe problems.