"According to the Bank of England the economy is growing too fast so interest rates must rise to counter the supposed inflationary threat. In lay terms, I interpret this to mean that people are working much harder, causing economic growth, and they're in danger of spending their money, which is what the recession-hit shops want them to do. But the Bank and the City seem to think this is wrong, and that if people work harder they should be punished by having their mortgages increased."

Enfield, Harry · Economy and Economics · 0 fans >>
<blockquote><a href="http://quotationsbook.com/quote/11767/">According to the Bank of England the economy is growing too fast so interest rates must rise to counter the supposed inflationary threat. In lay terms, I interpret this to mean that people are working much harder, causing economic growth, and they're in danger of spending their money, which is what the recession-hit shops want them to do. But the Bank and the City seem to think this is wrong, and that if people work harder they should be punished by having their mortgages increased..</a></blockquote><br> -- <a href="http://quotationsbook.com/author/2302/">Enfield, Harry</a><br> On <a href="http://quotationsbook.com/tag/economy_and_economics/">Economy and Economics</a> from <a href="http://quotationsbook.com/">Quotations Book</a> Post or embed · Email to friend
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