"A recipe for disaster"

Paul Oberschneider, CEO at Hilltop Credit Partners:

“The Bank of England continues to get it very wrong; raising the cost of money when growth is at virtually zero, and inflation is being caused by factors outside of consumption control, is a recipe for disaster.

“The focus should be on addressing the underlying causes of today’s inflation, including a lack of housing supply caused by a broken planning system and out of date mortgage products, and fiscal measures that don’t cause more consumer pain.”