Comments by "jim 99" (@jim-es8qk) on "UK prepares for recession amid rising interest rates" video.

  1. Hasn't France just had its credit rating down graded? And Germany is now officially in recession? and Italys economy is 3% smaller than 2008? It looks like the EU is booming.
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  2. ​@seanclark2085 We printed 400 billion during covid, we have the help to buy, shared ownership, record low intrest rates. Prices have been kept artificially high.
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  3. It makes imports cheaper. We import a huge proportion of our food and energy. Oil is also bought in dollars, as intrest rates rise, the pound against the dollar increases bringing oil and cost of production down.
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  4. Haven't the IMF just announced the UK is set to grow this year?
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  5. ​@leonhenry4861 Food prices are lower here. But rental prices are a lot higher.
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  6. It makes imports cheaper. We import a huge proportion of our food, goods and energy. Oil is also bought in dollars, as intrest rates rise, the pound against the dollar increases bringing oil and cost of production down. So yes, putting up rates will control inflation and leave people with more money to spend in the widder economy.
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