U.K. Chancellor of the Exchequer Jeremy Hunt on June 20 said there would be no government help for people being slammed by the country’s soaring mortgage costs—which are rising stratospherically because of the steep climb of interest rates over the last year. “Those kind of schemes, which involve injecting large amounts of cash into the economy, would be inflationary,” Hunt told the Parliament when asked about possible aid. “As much as we sympathize with the difficulties and do everything we can to help people seeing their mortgage costs go up, we won’t do anything that would mean we prolong inflation.”
The Sputnik article reporting on this policy statement was followed by a series of insightful commentaries by readers, including the following technically sound rejoinder:
