Economic war, increasing interest rates to push wage earners into poverty while shifting more wealth rapidly upwards.
I’m sick of the baloney of wage rises causing inflation. I don’t even know anyone who has had a wage rise. Maybe I know too many self-employed, all on dropping incomes and rising costs, and public sector workers on frozen wages or 1% rises ever since Cameron’s #Austerity started wrecking the economy and society.
#InterestRateRise fuelling #Inflation
https://www.thenational.scot/politics/23608740.bank-england-wants-frighten-workers-submission/
#inflation #interestraterise #austerity
#UK #InterestRateRise: what it means for you
How the new base rate may affect mortgage holders and savers
https://www.theguardian.com/money/2023/jun/22/uk-interest-rate-rise-what-it-means-for-you-mortgage-holders-and-savers #ToryPoliciesInAction
#torypoliciesinaction #interestraterise #uk
Global News BC: ‘Cost of living, food, gasoline’: Bank of Canada’s interest rate change a worry for some https://globalnews.ca/news/9753136/bank-of-canada-interest-rate-hike-cost-of-living-worry/ #globalnews #britishcolumbia #news #BankofCanadainterestrateannouncement #BankofCanadainterestrate #Interestratemortagerate #Interestratemortgage #BankofCanadarate #Interestraterise #BoCinterestrate #BankofCanada #interestrate #Economy #Canada #Money
#globalnews #BritishColumbia #news #bankofcanadainterestrateannouncement #bankofcanadainterestrate #interestratemortagerate #interestratemortgage #bankofcanadarate #interestraterise #bocinterestrate #BankOfCanada #InterestRate #economy #Canada #money