🚨 Higher Interest Rates Won’t Fix Energy Shocks. They Just Hammer Households.
The Bank of England held interest rates at 3.75%…
…but one MPC member actually voted to put them back up to 4%.
If inflation is being driven by energy bills, fuel costs and global shocks, why is the answer always to make households poorer?
Higher rates don’t produce more gas. They don’t refine more petrol. They don’t make food production cheaper.
They just squeeze households already paying more for the basics.
Energy up. Food up. Fuel up. Mortgages and rents up too.
That’s the double hit.
Full piece here 👇