Daily Mirror

Cut bank interest rates

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The Government has to change economic direction. The best way to signal this is to cut interest rates. Bizarrely, in the face of what the Government calls a cost-of-living crisis, the Bank of England (which did not spot the last recession developing) has increased interest rates and, therefore, mortgage costs as it thinks squeezing households more will cure inflation.

That would only be true if households had too much money. But most have too little.

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