'UK inflation has persisted and stubbornly refused to fall' | On The Money with Liam Halligan

#interestrate #inflation #onthemoney

'Far from “transitory” as the Bank of England said, UK inflation has persisted and stubbornly refused to fall, says Liam Halligan.

Download the GB News app! You can watch GB News on all of your favourite devices and keep up to date with the latest news, analysis, opinion and more.

[cailancook]

Government is choking people's ability to get by, let alone to excel. In so many areas, they'd much rather you become more dependant on the state than responsible, financially or otherwise, for yourself.

[Jerry]

The bank of England haven't predicted anything correctly lately.

[rebornsmith]

3:22 Well let's start with Richi Sunak as chancellor who participated in more money printing distribution than people know what to do with, and diminished all our savings.

[marumaru]

1.1 million immigrants in just two So GDP per capita is down.

[mattgloyn]

That's what happens when you print money non stop for 3 years and give it to your mates, family, pub landlord, girlfriend, party members

[Tony]

Our governments shouldn't have kept interest rates artificially low for years and years and interest rates are probably just heading to where they really should be.

[missphilosophie]

Have the Bank of England turned off the printing press. Inflation is due to the expansion of currency. Unless the currency tap is turned off we will see more of the same.

[tonygyles]

The Bank of England and the Treasury have been mis-managing for years.
Borrowing vast amounts of money, low interest rates, printing money.
The country hasn't recovered from last financial crash, everyone has had small increase in wages for over 10 years.

[doubleooh]

Sounds like a phenomena beyond this guys comprehension,
to redice inflation you have to reduce what caused inflation...
THE INCREASE IN THE MONEY SUPPLY!
it's quite simply to anyone with a fully functioning brain.

[IanDarley]

Maybe because the inflation is directly related to the cost of fuel. Fuel goes up, everything goes up. People HAVE to eat and HAVE to get to work, so until fuel comes down, inflation cannot. It's a win win win for HMRC though, they are loving the gravy train.

[alexdewar]

As captain blackadder said " so we're going to do the same thing that we've done seventeen times before ".

[banginghats]

I'm sure Nick Abbott, James O'Brien and Ian Payne, of LBC, will be blaming everything on Brexit as usual.

[adenmall]

I used to think every investor lose out during inflation, meanwhile some make millions. I also thought everybody went out of business during the Great Depression, but some went into business. Bottom line, there's always depression for some, and profit for others, it all starts from having the right mindset. That said, I've set asides $250k to invest for future, unfortunately I'm a complete noob.

[garethsaunders]

They knew this was coming. Barclaycard put their limit from £75.00 to £100. I agree it's lockdown after shocks rather than the pesky Russians.

[moonval]

We now have a -5.6% real rate. Well done BoE

[bye-]

Are the Bank of England ever right?
🤔

[RupertBear]

the Americans recently changed their inflation calculating methodology to make their inflation look lower - the reality in the US is similar or probably worse than the UK and I wouldn't be surprised if the EU did the same having travelled there for work several times this year and spoken to overseas colleagues who report the same issues as us, including strikes etc

[ClearVista]

This is because they continue to pump money into the supply.

[chrisbuster]

This man last month told us we would all be riding unicorns and picking money of the money tree soon. He's very optimistic, but lives on another planet.

[mike]

The UK grew so fast recently because it dipped so low compared to other equivalent economies. Its all very well for Halligan to say ‘you won’t read that in the papers’, but he’s being selective with the facts himself!