The rest of your comment has already been discussed, but this part: > Now the BoE is slowly raising rates to 'fight' the inflation it created over the past 20

The rest of your comment has already been discussed, but this part: > Now the BoE is slowly raising rates to 'fight' the inflation it created over the past 20 years Is wrong. Inflation is the result of a pandemic and policies to combat it's results, and a war impacting critical raw materials. It is not a purely monetary phenomenon like so many people prefer to pretend (I never got why - is it a "I have been saying these policies will result in inflation for 20 years, and I was right!!!"?) .