@intrbiz @dick_turpin the BoE is the one that keeps raising interest rates despite being fully aware that won't reduce inflation. The Tory Party has a lot to answer for, but in this case their fuck up is just the excuse.

@intrbiz Na, The government has no power over the Bank of England. Every time they put the rate up, the other banks rub their hands with glee.

Raising interest rates will not stop inflation. Manufacturers et al. will simply pass on higher rates to consumers; it's actually wage control that stops inflation. Less money in your pocket means you buy less higher prices simply means people slap it on the old credit card.

Actually, do away with credit cards, and inflation shrivels to nothing.