Haily@kbin.socialtoUK Politics@feddit.uk•Bank of England raises interest rates by a half point to 5%
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1 year ago@noodle Technically he could take away the BOA’s independence if he truly wanted to, I believe Liz Truss threatened to do exactly that when they were fighting her tax plans, but the markets probably wouldn’t like it if he did. It’s weird to think that not so very long ago, politicians having complete control over interest rates was entirely normal.
It would be great if there was some sort of dedicated list of instances similar to what Lemmy already has. Of course the process of creating an instance could do with simplification as well. IMO the focus on keeping this instance up and running, as opposed to working on Kbin itself, could be hugely detrimental to the entire project in the longterm.