The Bank of England Base Rate needs to increase to between 7% and 8% by Xmas to stave off inflation in the UK economy. The country is in for a rough ride! I must rein in my spending in preparation!
.. in the UK should be increased tomorrow to 5% by The Bank of England. We need to get a grip on inflation, currently at 8.7% (May) - still over 4 times above the 2% target. Public Debt is now in excess of 100% of GDP - the highest in 6 decades.