Comments by "jjeffery worboys" (@jjefferyworboys8138) on "'The Bank of England has come back to bite the borrowers' | Jacob Rees-Mogg MP" video.

  1. @kayhussain8468 You couldn't live without them.
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  2. He enjoys it and very good at it too !
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  3. Obviously, however they are also the peeple who are likely to receive the most in state benefits.
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  4. They then have nothing spare to spend, demand for goods reduces and so does inflation. Thats the theory !
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  5.  @andrewoliver8930  Many of those people you may think are rich because they live in big houses, drive expensive new cars and have lavish lifestyles are doing it on borrowed money which will now cost them a lot more. If they lose their jobs or their bonus isn't as much as they expected the shit hits the fan !
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  6. His degree is irrelevant. His experience in the City and Hong Kong is as is his success in business. He's estimated to be worth @ £100m.
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  7. For most people the cost of a house is less important than the cost of borrowing. House sales will reduce as will the building of new ones resulting in less houses actually being offered for sale.
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  8. It's a double act, government is responsible for fiscal policy (taxes and spend) and the Bank for monetary policy (interest rates).
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  9.  @imbonkers3629  This target should have been doubled with the invasion of Ukraine.
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