Interest rates move the Inflation Tax to the Mortgage Tax. That's the idea. What the government has done is cut corporate taxes and left it to the Bank of Engl

Interest rates move the Inflation Tax to the Mortgage Tax. That's the idea. What the government has done is cut corporate taxes and left it to the Bank of England to raise the Mortgage tax. Those paying for the government's investment idea will be those paying mortgages and those selling houses. There's no difference here to cutting corporation tax and putting up income tax to compensate.