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High interest rates is the point of the change. Those in charge believe low interest rates discourage investment.
by neilwilson 4y ago
High interest rates is the point of the change. Those in charge believe low interest rates discourage investment.
- shapefrog 4y agoThe campaign promise was to increase interest rates - even going as far as removing the central bank and raising the rates themselves.
- neilwilson 4y agoNot so much removing the central bank as instructing them directly - as they have the power to do under s12 and s19 of the Bank of England Act 1998