this post was submitted on 18 Jun 2023
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UK Politics

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General Discussion for politics in the UK.
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[–] [email protected] 3 points 1 year ago (1 children)

They're hoping they can hike rates all this year before slashing them to juice the economy and announce tax cuts before the election

[–] [email protected] 1 points 1 year ago (1 children)

They're hoping that but it's looking increasingly unachievable. In particular the time bomb is people who fixed at 1-2% but next year they'll be facing deals new deals next year that are looking like 5-6% at a minimum barring a rapid cooling of inflation.

But yeah, it's not impossible they can benefit from an improvement in the economy and slashing taxes. I just don't see it working personally even if they can get into a position to do it.

[–] [email protected] 5 points 1 year ago (1 children)

Losing 4 by elections on the bounce should help the death spiral as well.

They've got nothing to show for 13 years of governing. Anything they claim to be fixing is something they broke lol

[–] [email protected] 4 points 1 year ago

Here's hoping. Unfortunately they do have a lot to show for 13 years of governing - a path of destruction and devastation!