Record🤔

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text:

"@t0nyyates.bsky.social Hi Tony. At risk of looking foolish can I ask..

If, instead of raising interest rates 1% to dampen down inflation, a govt imposed an equivalent temporary 'interest levy' of 1%

..wldn't that ⬆️ tax take & ⤵️ the deficit & govt borrowing?

If so why isnt it preferred to rate ⬆️?"

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createdAt:

"2024-08-27T22:09:34.077Z"