SubtleBlade ⚔️Jan 6, 2024

‘Everyone cites #Covid19 and #Brexit’: number of #UK businesses going bust rises 52% in two years

#InterestRateRises, #Inflation, and #skills and #LabourShortages all contributed to sharp increase in company #insolvencies in 2023
https://www.theguardian.com/business/2024/jan/06/uk-businesses-going-bust-covid-brexit

#ToryPoliciesInAction #ToryFailure #BrexitBonus

‘Everyone cites Covid and Brexit’: number of UK businesses going bust rises 52% in two years

Interest rate rises, inflation and skills and labour shortages all contributed to sharp increase in company insolvencies in 2023

The Guardian
SubtleBlade ⚔️Jul 25, 2023

#BankOfEngland set to incur £150bn loss from #BondSales after [self imposed] #InterestRateRises

Bill will need to be paid by the #Treasury from current spending, hitting Whitehall departmental budgets
https://www.theguardian.com/business/2023/jul/25/boe-set-to-incur-150bn-loss-from-sale-of-bonds-due-to-higher-interest-rates #ToryPoliciesInAction

Bank of England set to incur £150bn loss from bond sales after interest rate rises

Bill will need to be paid by the Treasury from current spending, hitting Whitehall departmental budgets

The Guardian
SubtleBlade ⚔️Jul 20, 2023

#BankOfEngland risks #recession with #InterestRateRises, #MervynKing says

Warning from ex-governor adds to concerns about #economy with Bank tipped to raise rate above 5%
https://www.theguardian.com/business/2023/jul/20/bank-of-england-risks-triggering-recession-with-interest-rate-rises #UK #ToryPoliciesInAction #Inflation

Bank of England risks recession with interest rate rises, Mervyn King says

Warning from ex-governor adds to concerns about economy with Bank tipped to raise rate above 5%

The Guardian