Birdwatch Note Rating
2024-06-19 14:09:32 UTC - HELPFUL
Rated by Participant: 36CA8AC6F0C2FC4371F3B2F1BA10EA9F27490576C03388DD97359A296C66D658
Participant Details
Original Note:
The government doesn’t control inflation, the Bank of England does. However, via the sale of gilts, the Tories raised £ to fund COVID, paid for by QE. This drove inflation up. Now this is being reversed by the BoE. Costs are NOT going down, they’re still increasing. https://www.bankofengland.co.uk/monetary-policy/inflation
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