angelic upstart
Very well known Exeweb poster
- Joined
- Jul 8, 2004
- Messages
- 27,456
Wouldn't make sense for the govt to up interest rates at a time they're borrowing a lot more than the usual borrowings. Which would also beg the question of why would they lower taxes in the hope that business will somehow pick up. Unless of course the money is all from abroad and will simply anger the electorate.No, he wasn't. Just a person that realised you can't get things done unless the vast majority of your working team are on board.
We've been seeing the effects of disparate goals since Friday. Were I PM, I'd consider bring interest rate decisions back in house sooner rather than later. The only argument against doing so would be to save face, but then the markets may soon be forcing hands on that front too.