RichardJMurphy, 
We would all have been better off if the Bank of England had done nothing with interest rates at any time since 2021 https://www.taxresearch.org.uk/Blog/2024/04/08/we-would-all-have-been-better-off-if-the-bank-of-england-had-done-nothing-with-interest-rates-at-any-time-since-2021/.
Inflation is returning to normal, and that has nothing whatsoever to do with increased interest rates.
