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It's getting pretty scary over here in the UK. The government's strategy seems like it's in a doom loop. We have inflation so the BoE is going to hike rates and
by SilverBirch 4y ago
It's getting pretty scary over here in the UK. The government's strategy seems like it's in a doom loop. We have inflation so the BoE is going to hike rates and cause a recession to tackle inflation. But the government have announced a bunch of measures to boost growth (whilst blowing up the deficit). So which is it, will BoE win and cause a recession to tackle inflation (thus causing a debt crisis with massive debt we can't afford to pay?), or will the government win and boost growth (presumably causing spiraling inflation?). Meanwhile, the level of uncertainty caused by this simply must be putting off investors?