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potentially tax rises, putting up vat, all options that you are viable? it vat, all options that you are viable? , , ., i. vat, all options that you are viable? , , ., ., ., viable? it depends how you want to strike. we need _ viable? it depends how you want to strike. we need to _ viable? it depends how you want to strike. we need to do _ viable? it depends how you want to strike. we need to do three - viable? it depends how you want to strike. we need to do three things, j strike. we need to do three things, basically. firstly, we need to lower inflation. secondly, we need to minimise the hit to growth and jobs. and thirdly, we need to make sure we do not destabilise the pension system or the mortgage market, where lenders just withdraw products, so it is not that you're paying more for mortgages, you cannot even get a mortgage. so we have to somehow balance these three needs, and what that tells you is where we started from the beginning. interest rates are necessary but not sufficient. like you said, it is a blunt instrument, which is why i keep saying it is critical to engage the government more in what is a bank of england objective in decreasing inflation, but they cannot do it on their own without treating a significant recession and financial instability. significant recession and financial instabili . ., ~ , .,

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BBC News-20211026-14:10:00

proportion of their income perhaps too, may be three times as much a share of their income as higher income houses in some cases, so you can really see the squeeze, and the price cap is going up, so for some families who have seen their fixed energy deal come to an end, they are not only seeing the rise ever to the previous price cap but this additional rise in the price cap as well, and that could effectively be adding almost £1000 onto the additional costs once you factor in wider inflation over this winter. because vat is a percentage increase, however big the increase, you get a bigger increase on the vat. �* , , . vat. and this will be reflected in the forecast _ vat. and this will be reflected in the forecast for _ vat. and this will be reflected in the forecast for tomorrow. - vat. and this will be reflected in the forecast for tomorrow. it - vat. and this will be reflected in the forecast for tomorrow. it willj the forecast for tomorrow. it will show the increased vat for government is going to be getting from energy bills. and let's not forget, partly, we still produce some gas and oil ourselves, and because of those price rises, the

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