[Farcesensitive]

A member of the Bank of England’s rate setting committee has said they may have to raise UK interest rates to 2% or more to get control of soaring inflation

https://www.thefinancialtrends.com/2022/07/18/boe-mpc-rate-setter-says-uk-rates-may-need/

[Ymani Cricket]

Kinda related. Printing more money (modern equivalent) has the same effect as what happened below. A good read:

Faking It: British Counterfeiting During the American Revolution

Excerpt:
"While these activities were effective to a point, the most effective strategy that was tried, and one that very nearly succeeded, was the massive undertaking of counterfeiting Congressional paper currency to the point of making it almost worthless, thus crashing the American economy. No economy, no more war."

"In looking at this strategy three questions must be asked: How were the fake notes produced and circulated? Was it effective in undermining the economy? Finally, was this a sanctioned strategy by the British, one that they knowingly pursued? Looking at the counterfeiting strategy through these questions presents an intriguing, and often overlooked aspect of the American Revolution."

[Mr. K]

How can I take out a loan from the UK?