Tejvan, can you explain why Monetary Policy to deal with increasing inflation is restricted just increasing interest rates? Why isn't targeted windfall personal taxation for the wealthy who are making personal capital gains from the crisis being used? Why are we using one tool, when inflation from excess Spending is changes over the income distribution?

Contradict himself food and oil are falling then said prices are still raising, facts inflation is not going down. the BOE created so much money that devalue the currency and businesses raise the prices to get even or get a profit, The BOE needs to get that money out of the system and the only way to do it is to raise the interest rate or for the government to raise taxes so high there is no other way, A recession will not do much to inflation it just put it on hold,

Maybe we could have you working for the government so we never have recessions and business cycles just go on forever without recessions. You are such a genius

@@ieatlotsoftoast he's talking of the "Reserve army of labour" it's well known historically and members of Mrs. Thatcher cabinet in the 80s admitted they deliberately created unemployment to create anxiety in workers and depress wages

@@ieatlotsoftoast I feel you're being sarcastic, but he's right. There's no actual need for recessions however, as it's lead by international factors there's less sway state regulators have over it. Corporate greed creates these market cycles, however keeping them in check would mean they wouldn't ever need to happen.

@@ieatlotsoftoast There is a huge difference in ruining the country ON PURPOSE and just getting things wrong. Look at the track record of the Tories each time they were in office and compared it to that of Labour each time they were in office and look at any metrics you want to - growing real term wages, reducing NHS waiting times, growing GDP, lowering taxes for ordinary people, NOT the super rich and big corporations, actually delivering what people need instead of grabbing all they can with their blatant corruption. Name anything Labour ever wasted and that comes even close to the waste of 37 billion on a test and trace app that never worked and the development of which was started AFTER Germany had one that worked already and which had been developed for 22 million, NOT billion! Try to open your eyes and see the evidence around you instead of just nodding to anything the cultists say.

@@MarKeMu125 why didn't you apply for a job at the Bank of England or the BIS? You clearly know more than anyone and we would have no recessions even if a few banks go bust

Why can't people see what I see? Jeremy Hunt and fishy rishi are doing this on purpose to harm the UK and help the EU take the tourist tax, kept high to disadvantage the UK and help the EU, why can't everyone see this?

ALL house prices are extraordinary. I’m Not from the UK and the quality of accommodation in the uk is below Eastern Europe at ridiculous cost. Very basic accommodation is highly overpriced and we all need a place to live. If it continues like this I’ll be moving out as most people are being priced out of any basics. It’s such a broken system it’s unbelievable.

@@Paul-zu2he that would cause more damage as again the poorest would lose their homes. What I think is necessary however is redistribution of wealth as the current system resembles a cartel rather than a democratic political system. The whole of the UK is owned by very few and they pay the least amount of taxes. Like our lovely Rishi …

@@Paul-zu2he oh I’m far from communism or socialism as they all end up in the same place eventually… surely there’s a lot of grey areas in between that would work. Owning 10 flats to rent out should have never been a profitable business. Privately owning whole mountain ranges as sporting estates for the rich (while destroying the ecosystem of the country- I’m thinking of Scotland here) shouldn’t be a thing anymore whatsoever. Uk is kept in the Victorian era with a ridiculous wage gap and classist systems in place at every turn. This isn’t a capitalism anymore and I doubt it ever has been to be fair.

​@@Paul-zu2heincluding people?! 😱

Interest rates need to come down! Look at CPI: deflation!

I hope so

@@bigboyshit1 What? I don't know how much do you know of economy but first of all. CPI is manipulated basket and the real inflation in the UK is still above 10%. 2. During the pandemia-madness and ridiculous furlough scheme, they printed so much money that it will take a decade of high inflation with high intrest rates to tame the inflation down. 3. I've started to notice the small businesses such as, key cutting, accountants, barbers, car mechanics, etc... raising prices for their services not by 10%, by way above 50% and you know what that means? IT is inflation spiral. If BoE let the inflation go out of control, then we will se intrest rates going way above 10%, you'll mark my words

​@@mateo_dequpretty much agree with you. All you need to do is look at the M2 money supply graph for the last 10 years. Look at 2020. RIDICULOUS. All of that extra money needs to get destroyed and right quick. You only do that by cutting lending.

@@mateo_dequ Agreed. I am not sure how realistic it is the website that I look at sometimes is trueflation it is showing 11.78% it is down from 20% so an improvement.

good luck with that. your press is so corrupt that free and fair elections are not possible.

the idea that Interest Rates alone, can tackle inflation seems wrong to me. Wealthy people experience inflation differently from the Waged and the Unwaged Poor. But interest rate increases do not impact the wealthy as much as the other two groups. So, any inflation from them has long been squeezed out. They are not driving inflation with nominal pay increases below the rate of Inflation. Wealthy people get their income from dividends and profits from their investments and capital gains, which are taxed at a lower rate than wages and earned income. And they benefitted most from the QE during the Pandemic. So, much like windfall taxes in the Corporations making extraordinarily high profits, there should be a short-term personal tax increase on capital gains for those paying tax at the higher rate. And a short-term VAT increase on luxury goods. Temporary tax increases targeted at the wealthy and their Spending might reduce the need to indiscriminately increase interest rates. That would be spread the pain more evenly and fairly.

The bank of england isnt dictated by the government. so your statement and understanding is wrong from the begining.

​@@Alex-mu4ue It is actually, because the legislative framework is devised by government. They can do whatever they like. It just has to pass through parliament. If the government can lock you down during covid, you appreciate the power they actually do have. More than you could ever imagine, including controlling the financial system as they choose. Reserve banks are accountable to parliaments for the actions they take. Also governments set the legislative frameworks within which reserve banks operate. So in short, yes the RB is dictated to via government policy, which governments have the power to change at a whim.

@@Alex-mu4ue, no, but the government doing nothing to help leaves nothing but interest rates to tackle the problem. The government is in charge of taxation, which can have a massive effect on spending habits of different demographics. Please tell me you haven't absolved the governemnt of any responsibility here?

Sorry, I slipped up in first video. The correct stat is "by the end of June 2023, only around 56 per cent of households with mortgages will have been affected by the increasing mortgage rates." www.resolutionfoundation.org/publications/peaked-interest/

@@economicshelp Sorry I don't understand. Is this wrong: "56% of mortgage holders had not yet paid any higher mortgage payments"? 56% is a big number and makes the statement a good thing as in: more than half mortgage holders were affected by the new higher interest rates yet the market did not implode. Shows that the lenders had already stress-tested the mortgages they provided in the past.

I know many people who made millions from the Dotcom crash and the 2008 crash, so l've been looking at analogous chances in the present market.

Because their expertise is centered on short- and long-term holdings for profit realisation and because of their distinctive research, it is nearly impossible for them to underperform, I prefer to seek the advise of financial consultants when making my daily investment selections. Since my consultant and I have been investing together for a little over two years, we have already produced sizable net profits.

Mind sharing the info of this consultant?

Her name is Mayra Femia Hetrick

She’s my Financial Consultant and I found her on a Kiyosaki interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online search with her name if vou care for supervision. I basically follow her market moves and haven't regretted doing so.

How do windfall taxes paid to the government really help the man or woman on the street?

@@RustyVanDoor With a decent government, affords them to fund public services. With this government, oh sh!t.

I hope so!

Yes. It would be an alternative strategy.

It's not a strategy that any of the political parties are likely to follow. On the contrary, I suspect we are more likely to see tax cuts for the middle to high earners in the next 24 months. A radical approach would be to have a sliding scale of tax between 50% at £50k PA and 100% at and above £100k PA total earnings. Also to do away with chartitable trusts etc. for hiding wealth. Such an approach would solve most of our problems caused by wealth disparity.

Depends what UK goverment deside which influence inflation. Example scrapping UKCA and approve CE for good. Second example is to kick UK import checks to future 5th time. UK is legally bound to have standard checks… in case not India/China/USA could take UK to WTO and get penalty which taxpayers will pay

And you do right?! Go get that job dude! We're all waiting for the great things you'll do as governor?!

@@kamma44 hmm... do you think they are doing a good job, and doing the right thing? because the data says they are not. And up until now they have been wrong with every prediction, to do a better job I would have just needed to get one thing right! ;) If you disagree with what I am saying, why not give the actual reasons, instead of being a troll. :)

Profiteering and year of money printing like it's air

wait a while as rates will go to seven percent or near that and we will have a down turn and another buy to let squeezeon landlords should do it .

A spelling impediment - 'speach' - is a speech impediment in written form, only the spelling impediment is more serious for your acceptability in the workplace. Actually, the speaker has no speech impediment in any case.

@@sammckinstry he does though. Th-f-w R-w

Wierd.@@richardcook1987