The Financial institution of England’s financial coverage committee will nearly actually increase rates of interest for the eighth time consecutively in a yr on Thursday, regardless of the financial system heading in the direction of recession. It’s not clear why Britain wants its largest fee hike in 33 years. Earning profits dearer whereas the Treasury cuts spending and raises taxes will solely deepen and delay a recession that the nation might have already got entered. That’s most likely why the deputy governor, Ben Broadbent, was despatched out on the…
