Mises Wire
Author:
Josh L. Ascough
Online Publish Date:
With the Consumer Price Index (CPI) hitting a forty-year high of 9.1 percent , the Bank of England has responded by raising interest rates to 1.25 percent, up by 0.25 from the previous period . This, alongside ex-chancellor and PM hopeful Rishi Sunak planning to “ tackle inflation before tax cuts ,” signals a poor plan for combating the rising