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Re: Rising cost of living
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Originally Posted by Sephiroth
The BoE have completely lost the plot. How on earth does an interest rate hike bring down the energy price? It's objective is to stop people from buying stuff so that internal prices don't rise. But this will lead to unemployment and neither the people in work nor those laid off will be able to pay their mortgages. In time of recession, interest rates should fall.
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On the other side of the argument interest rates for savers should go up
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To be or not to be, woke is the question Whether 'tis nobler in the mind to suffer. The slings and arrows of outrageous wokedome, Or to take arms against a sea of wokies. And by opposing end them.
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