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BOE told to raise interest rates this year - OECD
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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.0
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