'... the City of London is keeping interest rates too high so that it might provide tax haven services, and we are paying the price so that bankers can make a return to the wealthy who use the City of London for tax haven purposes.'
https://www.taxresearch.org.uk/Blog/2026/05/14/the-city-is-holding-this-country-hostage/

The City is holding this country hostage
UK government borrowing costs are rising fast, and the official explanation does not make sense. Britain is paying far more to borrow than France or Italy, despite having its own currency, a central bank, and no meaningful risk of default. So what is really going on? In this video, I argue that...