The Bank of England is claiming that retailers are being greedy and overcharging their customers.
RT:
Bank of England Governor Andrew Bailey has denounced domestic retailers for being engaged in ‘greedflation,’ claiming that some of them have been taking advantage of rampant inflation by raising prices.
In an interview with the BBC this week, Bailey said certain retailers were “overcharging customers” as millions of families struggle to make ends meet.
“If you look at petrol prices, some sellers of petrol have possibly been charging too much for it,” the BoE head suggested.
According to the top economist, “moves by regulators on retail prices will help to lower inflation,” particularly in the fuel market.
The BoE believes UK inflation will fall back to the 2% target towards the end of next year.
You have to be a real type of special asshole to blame retailers and small businesses for high prices when you help run the entity that creates money out of thin air.
The Bank of England has devalued the currency with their insane money creation policies. This is what caused inflation and all the higher prices in the economy. The retailers are merely reacting to the stupid policies they put in place that led to the destruction of the currency. They have to raise prices to stay in business.
The Bank of England is also lying when they say that inflation will fall to 2 percent at the end of the year. There is zero chance of that.
