Quote:
Originally Posted by heero_yuy
Given that it takes the best part of a year for any government policies to work into the economy you have the last (Labour) administration to thank for our current inflationry woes. Spending money you haven't got and then pumping more borrowed money in by quantative easing was always going to produce inflation and that's before commodity prices went through the roof.
Only the action by the coallition has prevented the bank of England from having to raise interest rates and pile on the agony.
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Not sure how that works. It takes the best part of a year for government policies to work into the economy, so we need to thank Labour for the current inflationary woes, yet the coalition actions miraculously prevent the BoE raising interest rates at short notice? Cake, eat it, and have?