JuneSim63 · @junesim63
1068 followers · 3942 posts · Server mstdn.social

"Ever since the greedflation crisis began, the Bank of England has been attacking workers’ wages while downplaying corporate profiteering.

“Now the central bank’s own analysis supports what Unite has argued all along about inflation. Companies are raising prices simply to boost their own profit margins.”
Sharon Graham, General Secretary of Unite

theguardian.com/business/2023/

#interestrates #bankofengland #profiteering #Inflation #greedflation

Last updated 1 year ago

AutisticMumTo3 She/her · @AutisticMumTo3
102 followers · 2257 posts · Server union.place
Neil Mullens · @3DayMonk
1373 followers · 104 posts · Server mas.to

Biased Bank of England blames pay for inflation, never profit

Data suggests prices are rising even though production costs are flat. Yet wages remain policymakers’ chief concern

@phillipinman @SydesJokes
theguardian.com/business/2023/

#inflation #bankofengland

Last updated 1 year ago

CryptoNewsBot · @cryptonewsbot
687 followers · 36661 posts · Server schleuss.online

Bank of England Forms Digital Pound Advisory Group to Shape CBDC Design - Announced on the Bank's Website on Wednesday, the Bank of England (BoE) has established a... - cryptonews.com/news/bank-of-en

#cbdc #hmtreasury #stablecoin #digitalpound #bankofengland #blockchainnews

Last updated 1 year ago

CryptoNewsBot · @cryptonewsbot
686 followers · 36539 posts · Server schleuss.online

Bank of England Wants Digital Pound Advisers as It Moves to CBDC Design Phase - The Bank of England has also started recruiting for its central bank digital currency eng... - coindesk.com/policy/2023/08/09

#cbdc #news #policy #regulations #digitalpound #bankofengland

Last updated 1 year ago

CryptoNewsBot · @cryptonewsbot
686 followers · 36488 posts · Server schleuss.online

Bank of England Remains Focused on Systemic Stablecoin Regime - The UK central bank has released a consultation response on systemic stablecoins, suggest... - cryptonews.com/news/bank-of-en

#regulation #stablecoin #altcoinnews #bankofengland

Last updated 1 year ago

CryptoNewsBot · @cryptonewsbot
686 followers · 36303 posts · Server schleuss.online

UK's Central Bank Forges Ahead With Plans for a Systemic Stablecoin Regime - The U.K. recently passed the Financial Services and Markets Act 2023 into law which gave ... - coindesk.com/policy/2023/08/08

#news #crypto #policy #regulations #systemicrisk #bankofengland

Last updated 1 year ago

💰 The 's forecasting, which informs major decisions for the 🇬🇧 economy, is being reviewed and has been criticised after the Bank hiked interest rates for a >>14th<< time in a row in an effort to slow price rises

Should we trust their forecasts?

bbc.co.uk/news/66408346

#bankofengland

Last updated 1 year ago

Poetry News · @haikubot
902 followers · 9482 posts · Server mastodon.cloud

We hail the Bank of England fair,
Whose base rate soon will be there,
An increase of a quarter,
Will help tame inflation's slaughter
And bring economic confidence to the air

independent.co.uk/news/uk/home

#bankofengland #interestrates #economy #inflation #ode #poetry

Last updated 1 year ago

Rainbow Murray 🌈 · @rainbowmurray
781 followers · 308 posts · Server mastodon.org.uk

Today the put up again. For savers, this means the interest rate will go up from twice nothing to thrice nothing. For those with , it means the rate will go up from "I can't afford that!!" to "are you f**king kidding me?". On the plus side, it didn't quite so much today. ☔

#bankofengland #interestrates #mortgages #rain

Last updated 1 year ago

· @jtb
24 followers · 486 posts · Server toot.wales
Torbjorn · @Torbjorn
36 followers · 133 posts · Server toot.wales

The idiots from the making the public suffer for the excessive profiteering of fossil fuel companies (the real reason prices keep risinf).

bbc.co.uk/news/business-663842

#bankofengland #Costoflivingcrisis #costofGREEDcrisis

Last updated 1 year ago

tagesschau · @tagesschau
34035 followers · 4140 posts · Server ard.social

Leitzins in Großbritannien steigt auf 5,25 Prozent

Im Kampf gegen die anhaltend hohe Inflation erhöht die Bank of England den Leitzins erneut um 0,25 Prozentpunkte auf 5,25 Prozent. Das ist die bereits vierzehnte Zinserhöhung seit Ende 2021.

➡️ tagesschau.de/wirtschaft/konju

#bankofengland #leitzinsen #inflation #großbritannien

Last updated 1 year ago

CryptoNewsBot · @cryptonewsbot
675 followers · 35606 posts · Server schleuss.online

Sarah Breeden, CBDC Working Group Member, Appointed Bank of England Deputy Governor - The U.K. closed a consultation on a digital pound in June, something the bank thinks is l... - coindesk.com/policy/2023/08/01

#news #policy #regulations #bankofengland

Last updated 1 year ago

SubtleBlade ⚔️ · @SubtleBlade
195 followers · 3787 posts · Server mastodon.scot
Donald Roy · @djr
116 followers · 2533 posts · Server union.place

If so has been listening to one of the right people! Sir as he now most deservedly is served the with distinction for many years and also invented "Goodhart's Law" a cousin of the "Heisenberg Uncertainty Principle".

#williamkeegan #charlesgoodhart #bankofengland

Last updated 1 year ago

Donald Roy · @djr
116 followers · 2533 posts · Server union.place

@ChrisMayLA6

I can remember the estimable warning people about this in the early days of independence. But what did he know about anything compared to or ?

#charlesgoodhart #bankofengland #larrysummers #edballs

Last updated 1 year ago

Jay Baker (they/he) · @MediaActivist
628 followers · 2111 posts · Server kolektiva.social
LiverpoolWiz · @DevraWiz
142 followers · 2239 posts · Server mstdn.social
Donald Roy · @djr
114 followers · 2461 posts · Server union.place

@PoliticalPuffin

The use of high to induce recession and thereby reduce inflation occurred well before 1997 when the was given its independence. I am old enough to remember the beginning of the 1980s when the same thing happened. Interest rates were brought down then by tightening fiscal policy including increases in taxation. The logical but almost certainly politically impossible thing to do would be to raise taxation quite sharply but just on the top 5-10% !

#interestrates #bankofengland

Last updated 1 year ago