After years of quantitative easing everyone is wondering why the pound has fallen heavily in value. It doesn't take much imagination to realise why. All this time the Bank of England has been lowering the value of the pound in our pockets. It has been devaluing the pound by stealth. At the same time the Bank of England has artificially kept interest rates at rock bottom. This is the economics of the madhouse. We are now beginning to pay the real price of having cheap money. The Bank of England has artificially interfered with the economy. The government should take control of the Bank and restore a more traditional level of interest.
Brexit is not to blame!!!
No comments:
Post a Comment