Hooray for savings rates cuts

It might make sense if you think in twelve dimensions.
Or he just skipped his anti-psychotic medications.

I have always thought care in the community could be extended to care on the internet. Keeps them from wandering the streets, bothering people.

BoE already announced that for the time being they are NOT going to raise interest rates to counter inflation as the state of the economy was too precarious. Raising rates makes it difficult for business to invest because they can't borrow to support their activities, and if they raised rates significantly it would crash the housing market not to mention people having less cash to spend in shops because of either paying more interest cost on mortgages, loans and cards or because of being inspired to put money on deposit. BoE saying they were not going to put interest rates up any time soon despite imported inflation was one of the reasons the pound fell further over recent days.

In your earlier post you said we need inflation because that will increase wages. Perhaps that is because you have seen high wage increases when inflation is high and assume the companies want to pay more wages because of high inflation. That is just you seeing those things (high inflation and high wage increases) at the same time and not thinking through how it works.

It is usually the other way around, that high wages cause high inflation - if companies have to pay an extra pound an hour they put all the prices up so people have more pounds in their pocket but have to pay more pounds for their weekly shop.

What we are looking at here is inflation being caused by prices of imported materials, goods, fuel etc which are priced globally in currencies other than sterling while sterling does not buy as much of those other currencies. So there is no reason for UK workers to magically be paid more money just because it costs companies more to bring bananas in from Brazil or onions from France or ipads from China or USA. How does the importer or retailer afford to pay british workers more, on top of those cost increases? Unless all the UK workers in all the business sectors just all down tools and walk out, there is little bargaining to be done.

I believe that the extra inflation will allow rates to rise again and our economy to return to some sort of post 2008 normality. Inflation, and wage inflation for that matter used to be a normal part of our experience

Do you mean pre-2008 normality? Post 2008, the aftermath of the global financial crisis, was characterised by low growth, low productivity, artificial support to the markets through money printing etc.

Others - please may you explain why you disagree?

There are multiple schools of thought between economists on how best to stimulate economies from differing models - monetary policy, fiscal policy etc. If you are curious, you could get an economics A-level at your local college and then go on to do university courses in it to understand more about how in theory the world works and what evidence there is for it over the last 150 years. There is loads of free published material on the internet. To expect us to give you that education in a quick forum post is optimistic.

Particularly as when you are given advice or explanations on the forum you typically ignore them, argue against them, or move on, and then go start some other random topic elsewhere, for which the purpose seems to get your name up in lights on the internet in as many separate posts as possible regardless of quality of content. Sorry if that sounds harsh.