Sunday, April 06, 2008

Browned off?

Is Gordon Brown hoping the Bank of England can keep UK plc growing by cutting the base rate this week when his last budget increased taxes for so many from today!?!

2 comments:

lettersfromatory said...

If interest rates go any lower, inflation is going to get out of control. The Bank of England is as screwed as Gordon Brown.

xoggoth said...

I admit I never really understand economics but on the current stagflation, surely when the price rises are so far outside our own control, oil, food and world commodities, how do our own interest rates actually have an effect?