Sunak Blames Bailey and BOE for High Rates - He Should Blame Himself
The Property Nomads Podcast · Rob Smallbone & Aaron Devoy
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Show Notes
Rob discusses the fact that Prime Minister Rishi Sunak seems to be blaming the Bank Of England and Andrew Bailey for the high interest rates, when in fact he should be turning the blame upon himself...
KEY TAKEAWAYS
- The government borrowing is now at the highest point it has been since 2008. The governor of the Bank Of England, Andrew Bailey, has said a review is incoming as to why the Bank has been so wrong-footed by inflation.
- When a pandemic-style event happens, any government will likely tell its central bank to begin printing money in order to prop up a weak economy.
BEST MOMENTS
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PODCAST DESCRIPTION
Property Nomads brings property and all things currency, money and macro straight to you. All with a no-nonsense attitude!
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ABOUT THE HOST
Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.