Reply To: UK DEBT/IMPACT ON SPANISH PROPERTY ETC

#75201

Anonymous
Participant

A run on sterling would cause mayhem. Inflation would go up because imports cost more, so then BofE puts interest rates up. If rates reach 7%, I think there will be serious problems in the housing market here.

Isn’t it about time a less clumsy method was invented for controlling the economy other than interests rates! Talking about ‘opening a nut with a sledge hammer’. 🙄