Who can sack the BoE governor?

  • Bernie Ecclestoned@sh.itjust.worksOP
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    1 year ago

    As the saying goes “Never let the truth get in the way of a good story” but:

    -Gilt yields are through the roof

    -Job report was hotter than expected

    -Wages grew at 7.2%

    And we’re now definitely in a wage price spiral according to Bailey along with slow growth.

    Classic 70’s style stagflation

    The only silver lining is that it seems the Tories won’t be saved at the next election by inflation dropping like a stone like they hoped

    • postgeographix@lemmy.world
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      1 year ago

      Tories are dead in the water, and Fishy Rishi is well primed to take the fall - not that he will mind a bit of scapegoating, he will sit back with his billions and go on to be a Tory Blair or whatever.

      The rest of us are wrll fucked though