Comments by "Greg Greg" (@SlowhandGreg) on "Nick Ferrari calls 'failed' Bank of England governor 'the grim reaper'" video.

@hoxtondave9619 Brexit put economic sanctions on every Importer/Exporter from the EU which is vastly increasing the cost of food and other goods. The bill to do this is estimated o be 10 billion per annum. Not only that UK farmers are producing less because they can't get seasonal workers by the time everything shakes out economists are predicting food will 50% higher in the UK than in the EU.
4
If Truss leaves corporation tax low then rates will have to skyrocket to compensate the current inflation isn't like the Thatcher era which was Demand side inflation which fuelled ever spiralling wage inflation. Its Supply side inflation with corporations getting spiralling profits we already have one of the lowest rates of corporation tax and higher rate band tax rates in the G7.
4
@johnrussell3961 I was making the point that the best way of tackling the inflation isn't just by putting up interest rates and that lowering corporation tax makes it worse.
3
@johnrussell3961 The bulk of the inflation is Corporate inflation this has nothing to do with workers salaries its completely different to the Thatcher era inflation which was a revolving door of demand side followed by wages. This is Supply side if Truss cuts corporation tax then the BOE will need to raise rates to 8/9% to even make a dent and that will plunge the country into a recession like its never seen before way worse than 2008 and the banking crisis.
2
You can take money out of the economy by raising taxes we have one of the lowest rates of Corporation and top band tax rates in the G7 all the pain has so far been piled on the bottom.
2
@hoxtondave9619 the 2 countries that locked down properly NZ and Canada are on for 3% growth next year so stick your lockdown theories the nearest garbage bin The UK and Russia are the only 2 countries in the G20 who won't have growth the connection being one is under sanctions and the UK put trade sanctions on itself with Brexit and there both suffering a brain drain
1
@williamhurley8407 One of the problems caused by money printing is Asset inflation the only way to get rid of it is tax rich people to get the excess out of the system Energy is a lot of Supply side inflation (corporate) oil and gas companies are making super profits a lot of energy demand is baked in raising interest rates will leverage demand but is unlikely to reduce it by much. Food is Supply Side but we have Brexit as a force multiplier
1
Why is it the BOE's fault that we have runaway inflation caused by Conservative energy policies which did a dash for gas and Brexit which put economic sanctions on every Importer/Exporter from the EU which is vastly increasing the cost of food. Not only that UK farmers are producing less because they can't get seasonal workers We also have excruciating personal taxation at the bottom and one of the lowest rates for corporation Tax and Upper wealth band tax in the G7 If you don't want to cure inflation with interest rates then put the Upper band and corporation tax up till it hurts the fkrs badly enough if brings down inflation
1