this thread is key reading imo:
The Bank of England’s going to increase interest rates today. It may be by 0.25%. It could be by 0.5%. But the question is, why are they choosing to increase the price of money when we already have an inflation problem? A thread to explain…..— Richard Murphy (@RichardJMurphy) August 4, 2022
― Tracer Hand, Friday, 5 August 2022 14:45 (one year ago) link
it’s almost as if “cooling” (sunak) vs “stimulating” the economy (truss) is too simplistic a way to think about this quite grim challenge of profiteering, war and chronic underinvestment
― Tracer Hand, Friday, 5 August 2022 16:49 (one year ago) link
Bump
― 𝔠𝔞𝔢𝔨 (caek), Monday, 26 September 2022 02:14 (one year ago) link
negative growth in last 3 months blamed on... the extra bank holiday and not the fuckwittery of the truss government.
Christmas and a world cup in the next quarter though.
― koogs, Saturday, 12 November 2022 12:30 (one year ago) link
food inflation now running at 19%. not a typo.
― Tracer Hand, Tuesday, 2 May 2023 12:25 (one year ago) link