UK economy GROWTH: Bank of England 'won't feel bad about raising interest rates' | Liam Halligan

GB News' Economics and Business Editor Liam Halligan analyses the latest figures on the UK economy after a growth of 0.5% in June.

#uknews #economy #bankofengland #money

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[rawprawn]

Liam is such a good communicator on economics.

[MJ-YT-USR]

The central bank rule book went out the window in 2008, and was then kicked out the garden in 2020. We're in total unprecedented times and there are on rules, just bodges to make it appear as though there are.

[RichardEnglander]

The BoE has done 14 rises, they take time to have an effect especially upon mortgages.
By the time they are happy with the inflation rate response then we will be locked into recession.
They seem to want this, so that we can own nothing and be happy.

[wdsmauglir]

BoE needs reform, they don’t learn from past experience, they’re arrogant and seem to be living in their own little economic bubble, completely detached from reality…

[moonval]

For the economically illiterate, remember inflation coming down (disinflation) doesnt mean prices come down. It means they rise at a slower pace.

[CountryGalB]

It is productivity that's the problem in this country. It is what happens when the economy now depends on the mass importation of cheap labour from 3rd world countries.

[marklockwood]

Most expensive electricity in Europe yes but nearly most expensive in the world because of this net zero crap please stop this rubbish

[jamiebeecham]

We need a new bank a bank for the people.

[defaultdefault]

Raising interest rates is DESIGNED to slow down the economy - and that's a good thing to restrict credit and reset credit bubbles.

[peterlaidler]

Be prepared folks. I notice fuel is on the way UP again. That'll do wonders for the base rate and CPI

[Lynnpjjbdndji]

And the French energy companys own the uk, s and all there profits help keep French energy prices low .... Privatetisation at its Best

[DavidGetling]

I really do question how "down" many consumers feel. Plenty of non-essentials are still flying off the shelves. Crisps and cakes have doubled in price yet people are still buying them as much as ever. Also the coffee shops and fast food joints are continuing to do a roaring trade. I sometimes laugh when I see the prices that quiches and sausage rolls sell for, when I can make as good or better for about ¼ to ⅕ of the price. And don't get me going on the millions who have gone off on expensive summer holidays.

[stephenhopkins]

Interest rates won't go down because petrol is going up again 😢

[Seanmirrer]

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[snakeplissken]

GDP is rising, what like the price of every thing that we need in life has gone up in price boosting notional GDP

[kevinbennett]

We been in recession since lockdown dont why these people dont be honest 😂😂😂

[robnewbold]

Bank of England Governor should resign, he got it completely wrong. Any GCSE Economics student knew what was coming, yet this overpaid 'expert' was baffled.

[alanhaynes]

Many of the 660, 000 who came here over the last years are not 'contributing' - they are here for what they can get, not for what they can give.

[oneeleven]

GDP is a nonsensical measure as it includes Government spending..ie borrowed money & what does Government produce ermmm regulations….

[mattwood]

The reason they wont feel bad is they have money in the bank getting good interest rates for themselves and their mates