UK Inflation is destroying the UK Economy. This week the UK inflation rate was reported at 7.9%, a drop from 8.7% from the prior month. This means consumer prices are still up 7.9% from last year and WAY above the Bank of England target inflation rate of 2%. In conjunction with this, the Bank of England have hiked interest rates to 5%, up from the 0.1% they were just a couple of years ago, putting ever more financial stress on the UK public and taking the cost of living crisis to another level. Here are my thoughts on this latest piece of economic data and what I think the UK government and Bank of England should do about it... Recommended Platforms & Tools: 💰 Up To £100 FREE Share With Trading 212 Use PROMO Code “MITCH”: 📬 Subscribe To The FREE Weekly Market Memo: 📈 Learn How To Build Wealth With Investing: 📷 Instagram: @mitchinvesting #Inflation #InterestRates #BankofEngland *Disclaimer: Your capital is at risk. Some of these links may be affiliate links.
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)