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source
The Bank of England must be run by Labour supporters.
Abolish BoE
I see Reeves is already claiming credit for this, yet when poor results about other things she blames the previous Govt. She should recognise, but then she doesn't , interest rates are not a short term thing but due to actions over a period of time. They were already on a downward path. When inflation hits in 12 months time as a result of Labour policies she'll still blame the previous govt I suspect saying things were more broken than we thought.. Honestly economist she is not
There is a huge lag between when rate cuts are implemented and the effects are actually felt. Not only that, but rate cuts themselves always happen based on lagging indicators, such as unemployment (unemployment data always lags hiring data since businesses stop hiring before they start firing). This is why rate cuts have almost never successfully prevented a recession. We saw it in '08. The yield curve uninverted, the fed cut rates, the markets surged for a bit based on false hope and reality set in soon after as the bad unemployment data caught up to the bad hiring data and it was armageddon from there. Anyone feeling the impact of these economic shifts should consider Crypto long-term trading strategies to protect their assets. My advice to anyone feeling the heat in this inflation, just trade long term more than ever, I have made over 720k from day trading with Aria Cookings crypto in few weeks, this is one of the best medium to backup your assets incase it goes bearish..