Governments get rid of inflation, banks take cuts and Germany turns to China
The best phrase about our cause: the Bank of England. Raise interest rates and talk about the global outlook: it says there will be a recession until 2024. It will be a long and deep recession. Sunak will raise taxes. The UK has become more aligned between monetary and fiscal policies.
What private banking and the Bank of England have achieved with the move to transfer Rishi Sunak to the Government: a tax move of 50,000 million at a time of high inflation and declining productivity.
How we will get out of the crisis: the key is the importance of productivity. The fundamental key is in the transfer of the crisis to the final subject: the subject does not want to be: then larger taxes to reduce GDP debt.
In this sense, the party who benefits the most from inflation is the state and the biggest loser is the citizen.
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