Comments by "Alex" (@Alex-cw3rz) on "Britain’s Mortgage Crisis!" video.

I think what also have to be pointed out is increasing interest rates will not effect current inflation as increasing interest rates only causes inflation to drop, if the reason for the inflation is people spending too much. But that's not what is happening as has been shown the main reason for inflation right now is profiteering (previously including wholesale food prices and energy however these have both dropped in recent months). Tackling that is how you reduce inflation, I understand the BofE does not have any powers to implement windfall taxes etc. However bashing a square peg into a round whole is a farcical display.
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The last time wages were rising quicker than today the inflation rate was 2.49% what flawed models are the BofE using, where they think 3% wages = 2% inflation genuinely what think tank gave them that nonsense.
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