2024-06-19 08:36:17
The Bank of England is responsible for inflation, not the Conservative Party [Link] NEEDS_MORE_RATINGS(13-0-5) Author
2024-06-19 08:57:14
NNN. While the Bank of England are responsible for setting interest rates to control inflation various government policies such as the energy bill relief scheme also play a large part NEEDS_MORE_RATINGS(4-0-2) Author
2024-06-19 12:29:15
Context: It was under the current Conservative led government that inflation soared to its peak of 11% [Link] NEEDS_MORE_RATINGS(9-0-1) Author
2024-06-19 13:38:05
The government doesn’t control inflation, the Bank of England does. However, via the sale of gilts, the Tories raised £ to fund COVID, paid for by QE. This drove inflation up. Now this is being reversed by the BoE. Costs are NOT going down, they’re still increasing. [Link] NEEDS_MORE_RATINGS(10-0-3) Author
2024-06-19 17:20:34
The Bank of England (BOE) set the interest rates independently of the Government, however government policies and various factors which benefit the economy lead to the BOE reducing interest rates. NEEDS_MORE_RATINGS(1-0-1) Author