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The Context

the moment in the uk, is a mistake. we raise— the moment in the uk, is a mistake. we raise interest rates in the 80s and early 90s because of the boom and early 90s because of the boom and the _ and early 90s because of the boom and the crash to try and dampen inflation — and the crash to try and dampen inflation that is because we have an open _ inflation that is because we have an open to— inflation that is because we have an open to keeping our economy, high consumer— open to keeping our economy, high consumer demand, rising realwages consumer demand, rising real wages and living _ consumer demand, rising realwages and living standards. we do not have that now _ and living standards. we do not have that now. we have a study in cod liver— that now. we have a study in cod liver growth is minimal, if any of us up _ liver growth is minimal, if any of us up holding living standards. this is actually— us up holding living standards. this is actuallyjust hitting people who are in— is actuallyjust hitting people who are in debt, who have mortgages. this will— are in debt, who have mortgages. this will not — are in debt, who have mortgages. this will not solve inflation. a lot of the _ this will not solve inflation. a lot of the reason for inflation at the moment, certainly in the uk is a widening — moment, certainly in the uk is a widening of corporate profit margins which _ widening of corporate profit margins which we _ widening of corporate profit margins which we have seen globally as well and if— which we have seen globally as well and if you _ which we have seen globally as well and if you look at isabella and other— and if you look at isabella and other comments on this, they are clear— other comments on this, they are clear and — other comments on this, they are clear and in— other comments on this, they are clear and in fact the imf said at the other— clear and in fact the imf said at the other day, it has been turned to greet— the other day, it has been turned to greet inflation but this kind of opportunism of seeing a crisis and making _ opportunism of seeing a crisis and making sure your margins are protected _ making sure your margins are protected in the corporate sector is what is _ protected in the corporate sector is what is feeding a lot rising prices.

Have-average-uk , Moment-profiteering-driving-inflation , Interest-rates , Crash , Mistake , Boom , 80 , 90 , People , Us , Mortgages , Economy

The Context

of what is feeding a lot rising prices. of course — what is feeding a lot rising prices. of course governments have not been of course governments have not been -ood of course governments have not been good at _ of course governments have not been good at clamping down on that and the governments that have been good for example spain, with a hype but price _ for example spain, with a hype but price controls but they have cap increases — price controls but they have cap increases have got much lower inflation — increases have got much lower inflation because that is a way to tackle _ inflation because that is a way to tackle what is corporate profiteering driving inflation at the moment.— profiteering driving inflation at the moment. , . ., the moment. very much the debate of the moment. very much the debate of the da . the moment. very much the debate of the day- thank — the moment. very much the debate of the day. thank you _ the moment. very much the debate of the day. thank you to _ the moment. very much the debate of the day. thank you to the _ the moment. very much the debate of the day. thank you to the panel - the moment. very much the debate of the day. thank you to the panel for . the day. thank you to the panel for the day. thank you to the panel for the moment. before we go to the break i want to touch on a story that the bbc has been covering today. dangerous and illegal muscle—building supplements, are being sold to gym—goers, across the uk, according to a bbc investigation. the products, which are popular on social media — aren t approved for sale, but the bbc has found them, widely available in shops and online. and experts are warning, they can cause serious side effects. thorrun govind — community pharmacist and spokesperson for royal pharmaceutical society. tell me what these are in what they can do? , . ., , ., can do? these are what people are usina as a can do? these are what people are using as a substitute _ can do? these are what people are using as a substitute to _ can do? these are what people are using as a substitute to anabolic i using as a substitute to anabolic steroids and they are of sleeping

Lot , Moment-profiteering-driving-inflation , Course , Way , Governments , Prices , Price-controls , Inflation , Hype , Profiteering-driving-inflation , Price , Inflation-increases

The Context

that is what is happening here for stuff that happened over spending at a particular time with covid, all of these things coming to an end. it is a direct result of overspending and that ultimately led to a flux of a lot of money being spent at a fast pace. we still have not cooled down. think, we have not cooled down inflation after a two years to focus here and which hauled it transitional when it first started. so no one has real control over this. the spending, people think the spending will continue and inflation rates, will go down and interest rates, will go down and interest rates will go back down from are far from that conversation. i think it is an election year so you are was far from is an election year so you are was farfrom back in position to is an election year so you are was far from back in position to stop people seeing echoes of that here in the uk. , ., ., the uk. there is a feeling out there in resect the uk. there is a feeling out there in respect to _ the uk. there is a feeling out there in respect to housing _ the uk. there is a feeling out there in respect to housing in _ the uk. there is a feeling out there in respect to housing in particular. in respect to housing in particular that we are nowhere near the worst of it because a lot of these fixed rate deals will come to an anti—next year. what happens when people have moved on to interest rates of four and 5%? moved on to interest rates of four and 596? , ., ., ., .,, and 596? they are going to lose their homes unless they _ and 596? they are going to lose their homes unless they are _ and 596? they are going to lose their homes unless they are given - and 596? they are going to lose their homes unless they are given a - and 596? they are going to lose their homes unless they are given a lot i and 596? they are going to lose their homes unless they are given a lot of| homes unless they are given a lot of forbearance — homes unless they are given a lot of forbearance by the banks. but this interest— forbearance by the banks. but this interest rate policy that we have at

Lot , All , Things , Spending , End , Result , Stuff , Overspending , Covid , Fast-pace , Money , Flux

The Context

truly affordable. i need to be in order to make housing truly affordable.— truly affordable. i guess the point i am truly affordable. i guess the point i am making _ truly affordable. i guess the point i am making is— truly affordable. i guess the point i am making is that _ truly affordable. i guess the point i am making is that all _ truly affordable. i guess the point i am making is that all of - truly affordable. i guess the point i am making is that all of this - truly affordable. i guess the point i am making is that all of this is i i am making is that all of this is interconnected and there are a lot of people out there who are questioning the interest rate policy. many countries are in stagnation. the inflation is large been driven by energy prices and supply constraints. they have put financial, created financial problems for government. do you look at what is happening in the us and uk and think the interest policy is right now? it uk and think the interest policy is riaht now? , ., ., right now? it is hard to tell. i think the _ right now? it is hard to tell. i think the challenge _ right now? it is hard to tell. i think the challenge exists - right now? it is hard to tell. i l think the challenge exists that unemployment is still a little bit hot and that gives these economic specialists, or economic policy people of nervousness, at the end of the day the reason we are having an inflation issue, the reason we are having interest rate rises is strictly because of governments pending. you can call all of the dynamics you went into play in this but inflation is a direct result of overspending of the us government.

People , Point , Lot , Countries , Moment-profiteering-driving-inflation , Housing , All , Order , Interest-rate-policy , Stagnation , Us , Have-average-uk