Emeritus Prof. Christopher May19h ago

Here is the problem with the Bank of England:

as energy prices continue to remain elevated, the Monetary Policy Committee focusses on the inflationary pressure, and as it only has one policy lever looks to raise interest rates (although for now they may stay at the level they are);

however, squeezing inflation out of the system via recession (the BoE's underlying logic) compounds the difficulty industrial sectors have with the energy price... its nuts!

#economics

https://www.theguardian.com/business/2026/jun/15/britain-faces-deindustrialisation-relief-energy-prices-survey-make-uk

Britain ‘faces deindustrialisation’ without relief from high energy prices, survey warns

Make UK says manufacturers’ feedback shows sector at risk of collapse as it calls on Treasury to take action

The Guardian
Show threadJames T Monkey

@ChrisMayLA6 “Twice the average of continental Europe and six times that of America…” is a little disingenuous.

Power for industry is not price capped like consumer rates, but still I’d like to see what industrial rates in Germany and California are (both of which have consumer rates higher the UK’s)

Jun 15 at 7:18amIvory for iOS