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Have the Bank of England just made the cost of living crisis worse ?

Originally posted on Strategus:
The BoE is currently predicting that on the back of soaring energy costs this winter inflation will peak at 13.3%. That would be the highest level for 42 years and as a response to that, last week the BoE increased interest rates from 1.25% to 1.75%. The doctrine of monetary policy…

The Telegraph looking at the second week of August 2022

August 08 Big-name charities resume controversial fundraising tactic Family stumble across cache of firearms while paddling in pond The Real Windsors: Queen of Steel, review: Her Majesty recast as Logan Roy from Succession Gurinder Chadha: ‘People get defensive about the British Empire but it’s our shared history’ August 09 By Danny Boyle We knew itContinue reading “The Telegraph looking at the second week of August 2022”

Bloomberg looking at our planet 2nd half of June

Not so insignificant events that affect our well-being June 22 Climate Change a Factor in ‘Unprecedented’ South Asia Floods Scientists say climate change is a factor behind the erratic and early rains that triggered floods. Europe Wildfire Risk Heightened By Early Heat Waves, Drought High fuel costs for aircraft needed to fight wildfires have alsoContinue reading “Bloomberg looking at our planet 2nd half of June”

Mix of strong demand and limited supply igniting inflation

Europe is facing sky-high prices, with many households ending up in financial difficulties. Government leaders must do something about this before it goes off the rails.