UK has no alternative to Bank interest rate rises to calm inflation - Hunt

3 years ago by LifeBandit666 to c/ukeconomy

Chancellor says he "unstintingly" supports the Bank of England to "do what it takes" to cut inflation.

david 8 points 3 years ago

Compulsory purchase of Centrica then dropping prices for British energy retailers might do it. Right to buy for private tenants might do it. It would smash a hole in Hunts buddies unearned profits, though, so maybe he can't see it quite as clearly as a good thing for the country.

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Lubricate7931 5 points 3 years ago

You're completely right. These kind of actions is what it would take to make a difference.

Or even following up with the house insulation program we need to be doing anyway and bring back domestic solar incentives

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david 3 points 3 years ago

Yeah, it's almost as if making policy that's only in the interests of big business means we give them more of our hard earned cash.

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Lubricate7931 3 points 3 years ago