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<p>The Bank of England held at 3.75.

Hiking into this would have been madness. Unemployment 4.9. 
Youths already near the highs. 
Private jobs falling. 
Tax at peacetime highs. 
GILTS yields ripping higher. 

Oil sets the inflation. 
A rate rise does not move crude.

All a hike does is kick the bit of the economy that still produces, the private sector.

Cuts come in 2027. 

Faster and deeper than the office will admit with government borrowing cost at all time highs and deficits now structural.

Nothing stops this train.

B......</p>

The Bank of England held at 3.75.
Hiking into this would have been madness. Unemployment 4.9. 
Youths already near the highs. 
Private jobs falling. 
Tax at peacetime highs. 
GILTS yields ripping higher. 
Oil sets the inflation. 
A rate rise does not move crude.
All a hike does is kick the bit of the economy that still produces, the private sector.
Cuts come in 2027. 
Faster and deeper than the office will admit with government borrowing cost at all time highs and deficits now structural.
Nothin

The Bank of England held at 3.75. Hiking into this would have been madness. Unemployment 4.9. Youths already near the highs. Private jobs falling. Tax at peacetime highs. GILTS yields ripping higher. Oil sets the inflation. A rate rise does not move crude. All a hike does is kick the bit of the economy that still produces, the private sector. Cuts come in 2027. Faster and deeper than the office will admit with government borrowing cost at all time highs and deficits now structural. Nothing stops this train. B......

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