its a real pity2 Aug 2018 14:47
that we have a Governor heading up the BOE who cannot resist dabbling in the politics of this country. He is still espousing Project Fear ideology despite having been proved very wrong since we voted to get out. Productivity is c4ap but then it always has been. Inflation is low and is forecast to remain so while unemployment is at a record low. So with long term inflation even with sterling where it is now against the Euro , Dollar and Yen, inflation cannot get above 2% on a longer term outlook. Yet the man still smugly says that the mortgage affordability test which sets interest rates at 7% is a "good thing" he has just hiked the rate by 50% to 0.75%. HELLO? Its done nothing for sterling because it is not meaningful in everyday life, FGS the sugar tax is going to have more of impact on spending habits. as ever the press conference was a load of journos jockeying to asking dumb questions answered by a load of irrelevant guff. back to watching the Donald for us over here I fear.