Comments by "RiteMo LawBks" (@ritemolawbks8012) on "Channel 4 News"
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I'm an outsider on the other side of the Atlantic, but do British politicians openly admit that they (including The Bank of England) are intentionally raising interest rates to cause a recession? They're normally vocal about cutting interest rates and lowering taxes to stimulate the economy, but I never hear them mentioning raising taxes, cutting spending, and higher interest rates to slow down an economy growing too fast. It's the same cost-of-living and inflationary pressures in the US, UK, EU, Japan, South Korea, Australia, Canada, and New Zealand that's been made worse from the post-Covid supply-chain problems and now the Russia-Ukraine war.
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