Chancellor set to print more cash

Masomnia

mrposhman wrote: »

Not necessarily, remember a significant proportion of our goods that we buy are from abroad and we've all seen the reduction in the value of the £ recently. Should all countries do the same then its not such a bad idea. If they do not, then the £ will continue to weaken causing higher priced goods to us, hence inflation on these goods.

A run on the £ will surely remove the deflationary worry but create the worry of hyperinflation.

We are now beginning to see a recovery for the pound. I think the EU is coming out of denial and it's looking likely that they're going to have to cut rates again. The problem may not be quite as global as Mr Brown would have us believe, but Germany for all it's criticism is now planning stimulus packages, and the US set to increase its borrowing (and print money I believe) under Obama. The pound is back to €1.12 and $1.53, no run on the pound here!

Don't forget as well that strong currencies are really screwing over some companies like Toyota, who due to the strength of the yen are struggling to export.

tradetime

ES10 wrote: »

Maybe it's the people like us who have saved that are the dumb !!!!!!£s ???
Kind of looks that way now ....

I guess it kind of depends where you are looking at it from, if I got into debt, sure I could change my Ferrari every year (I don't have a Ferrari btw ) I could fly everywhere first class, Have every latest gadget under the sun, but why? I have all I need, in fact, I have a lot more than I need, I could actually save a fortune if I simply cut out what I don't absolutely need, so no I don't feel that way at all, I wouldn't swap places with anyone in debt.

Masomnia

tradetime wrote: »

I guess it kind of depends where you are looking at it from, if I got into debt, sure I could change my Ferrari every year (I don't have a Ferrari btw ) I could fly everywhere first class, Have every latest gadget under the sun, but why? I have all I need, in fact, I have a lot more than I need, I could actually save a fortune if I simply cut out what I don't absolutely need, so no I don't feel that way at all, I wouldn't swap places with anyone in debt.

Couldn't agree more (student debt doesn't count ). When you're in debt to someone they own you, it limits your options, your choices. My family is luck y in that we don't owe anyone a penny, house owned outright, no car loan. We might not have the latest everything, but we have the freedom to do whatever we want, and we aren't p***ing away thousands in interest...

ES10

tradetime wrote: »

I wouldn't swap places with anyone in debt.

Yes, I do agree with you - I have no debt either and I like it that way....it's just that I can't help feeling we are being taken for mugs these days ...when I hear of people claiming all sorts of benefits ....my OH is being made redundant and will only get the basic Job Seekers for 6 months ...despite over 35 years of contributions to this country....but if we had no savings - it would be a another story ...but we will still have our pride (still worth something )

Icesaver

malik999 wrote: »

ive been trying this on my canon ip 4200 but i can't get the colours right.

You need to calibrate your scanner/camera , monitor and printer, still a tricky job to get perfect colour matching. How do you manage with the metal bits in the paper though?:rotfl:

mrposhman

tradetime wrote: »

AFAIK the government would not be allowed to do this, as it would be deemed unfair competition on banks, not only here in the UK but all over the EU.
As regards general bank lending, the banks won't start lending until they see some stability in the financial markets because as long as things keep deteriorating they face further witedowns, there is a very good chance that most of the money pumped into the banks so far will end up going to future writedowns, and they will need more to cover things like losses in commercial property markets, and the glut of leveraged buyouts that occurred just prior to the wheels coming off.

Yeah I agree there is far too much going on for the banks too start lending. However, that doesn't stop the "saviour" trying to move them out of their comfort zone (not that its all that comforting :rolleyes: ).

I'm not too sure around the rules of setting up rights issues but couldn't the government as the only shareholder use this avenue of getting additional capital for lending into banks?

juicyjude

ES10 my husband is in exactly the same position, only he is not entitled to a penny of jobseekers even though he has been made redundant through no fault of his own. Beginning to think saving is a mugs game

ES10

juicyjude wrote: »

ES10 my husband is in exactly the same position, only he is not entitled to a penny of jobseekers even though he has been made redundant through no fault of his own. Beginning to think saving is a mugs game

I'm sorry to hear that - we just assumed he would get job seekers allowance - I thought everyone that had paid enough NI's got this regardless of savings ...but maybe he won't even get that then.
If we had went mad and spent it all we would get everything going ...still I suppose there are a lot of people worse off than us ..at least we own our house now (though we were never lucky enough to have such low mortgage rates as there is now !)

juicyjude

No ES10 job seekers is now means tested!!!! Like you say paid up all NI's but because we have savings, well you know the rest. Fortunately like you we own our house now and yes the mortgage rates were horrendous and we had to have a 10% deposit before we could even think about going ahead with the mortgage.

tradetime

mrposhman wrote: »

I'm not too sure around the rules of setting up rights issues but couldn't the government as the only shareholder use this avenue of getting additional capital for lending into banks?

Not sure mate, out of my sphere of understanding