Quote Originally Posted by Master View Post
Our economy is not growing and the government seem to want to cause a recession first before recovery with their high interest rates.
The government isn't raising rates, the Bank of England is. That's how central banking works. When inflation gets going central banks raise rates to deliberately induce a recession/economic slowdown as this causes inflation to fall. Pretty much every recession since WW2 has been deliberately engineered by central banks to control inflation with the only real exception being the 2008 financial crisis. In the eighties after the twin oil shocks in 1973 and 1979 inflation was such a problem that central banks raised rates in some cases over 20%. Imagine how many mortgage foreclosures and business failures/unemployment etc etc rates like that would cause today. Rates won't get that high but they'll probably keep on increasing them until they get a significant economic slowdown.