Caught between a rock and a hard place.
Can't raise interest rates or the fragile recovery will be derailed, repossessions will rise as people can't pay their mortgages and the housing market will collapse.
Can't not raise interest rates as inflation will then gallop ahead, the real value of everything, including the pound, will fall, investors will move to the safe haven of the Euro, Dollar or Remnimbi.
The doom of 2008 was not averted, just postponed.
Hopefully the Conservatives will not draw it out any more, it will be quicker with a short, sharp shock.
So let's raise interest rates, squeeze inflation to under 2% and live within our means. Devil take the hindmost.
Can't raise interest rates or the fragile recovery will be derailed, repossessions will rise as people can't pay their mortgages and the housing market will collapse.
Can't not raise interest rates as inflation will then gallop ahead, the real value of everything, including the pound, will fall, investors will move to the safe haven of the Euro, Dollar or Remnimbi.
The doom of 2008 was not averted, just postponed.
Hopefully the Conservatives will not draw it out any more, it will be quicker with a short, sharp shock.
So let's raise interest rates, squeeze inflation to under 2% and live within our means. Devil take the hindmost.
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