BOE told to raise interest rates this year - OECD

wotsthat

Graham_Devon wrote: »

I don't think it would make much difference to supply at all. The reason for low supply is they cannot sell the damn things due to a mixture of high price and low credit avaliability.

Anyone willing to invest in increasing supply would surely be put off by their customers (who already pay a high price and have low credit availability) having to find VAT on top. Basic economics.

By the way - if the UK government can't tell the BOE to raise rates then neither can the OECD. There are 34 nations in the OECD - you'd think they'd have other priorities.

Surprised the Guardian didn't get anyone to offer a counter viewpoint.