Player post
Sheev Palpatine Accept Appointment as BoE Governor
Sheev Palpatine·

It is with great reluctance that I have agreed to this calling. I love democracy, I love the Kingdom. The power you give me, I will lay down when this crisis has abated. And, as my first act with this new authority, I have immediately increased interest rates by 75bps, taking us up to a bank rate of 8.25%. The primary driver of inflation in this United Kingdom is commodities. Far too many commodities are wildly over-valued due to companies holding down production and growth levels. For as long as commodities production is held down, interest rates will be forced up. The second largest driver of inflation is our deficit position, which accounts for 11% of inflation, and could be curtailed somewhat if the government so chooses. And the third component is tariffs at 6% of inflation. After consultation, the King informed me "Don’t even talk to me about inflation rn :crying emoji:". The government should therefore remove the tariffs as soon as possible to counter this.