Economy, Geronomy, where to Next?

About this poem

Well....it's like this.....I don't think I could possibly live through 20023/2024, or maybe even 2025, without writing a little "ditty" about the Uk economy and base rates and interest rates.....seems that is all people do write about these dates at the mo'! Russian supplies of oil & petroleum products were cancelled to the Uk and this resulted in shops, and services, and logistics organisations, panicking and increasing prices in a manner that led to hyper inflation. By late spring this year, following intervention by the bank fo England, the Uk are predicted to have reduced inflation back to below 2% which will be less than the present rate of inflation in most of North America. The act of doing so may well be worth doing but has caused untold pain to many people living in the UK.Personal pain in terms of their personal finances and life/lives. However "untold pain" is nothing compared to the deaths caused by the Russian- Ukrainian war. Until the hyper inflation panic, in the Uk, Russia was the largest supplier of Petroleum products both to the Uk and also many E.U. countries as well. It is hoped that a price battle between supermarkets, and various businesses and logistics companies, will result in prices to the public going down to pre-crisis levels once United Kingdom inflation drops to 2%. Bailey, mentioned in the poem, is a reference to Andrew Bailey who is/was Governor of the Bank of England as at the time of writing! Andrew Siddle 04/02/24 more »