RE: "Significant Monetary Response Coming"27 Sep 2022 22:09
Perhaps you would rather The Government did nothing and people facing £6500 electricity bills, rising prices in the shops and rising mortgage interest rates also. Banks would soon be facing repossessions and defaults on all manner of loans. Tax cuts are there to counterbalance any cost of living pressures and to stimulate growth.
B of E sat far too long on their hands with inflationary pressures evident if wish to blame anyone.
Both sets of measures though, by the Government and the B of E, ultimately will be better for banks than any do nothing approach.