Mike4 wrote:
B) It's time to stop the rises and have a re-think as they really biting hard now into people's finances and no-one can explain the mechanism by which the rate rises are supposed to be reducing fuel-cost-driven inflation.
Firstly the main transmission mechanism isn't to tackle fuel-cost driven inflation (even if such a thing existed). But even then taking £s out of peoples pockets limits discretionary spending. Even for goods with poor elasticity of demand to price effects will have some impact on expenditure, even if less so than on other areas of spending.
It literally isn't the case that noone can explain the mechanism. It is extremely well known and available to any inquisitive reader of even the most basic economics text book.