Birdwatch Note Rating
2024-06-12 07:59:11 UTC - HELPFUL
Rated by Participant: 3BE03E9CB932B0C568335A3B57671AD386F155706C5E8C63A8293091ED3171E4
Participant Details
Original Note:
This is a misleading figure which relies on a number of assumptions holding. 1)£71bn increase in net spending. 2) That net spending resulting in excess aggregate demand, thereby increasing inflation. 3) BoE increasing rates by 56 basis points per year over 5 years as a result. https://uk.finance.yahoo.com/news/reeves-alleges-71bn-black-hole-163709624.html
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