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Base Rate Held at 0.5%

Former_MSE_Guy
Posts: 1,650 Forumite



This thread is to discuss the following news story:
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Comments
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Good news for mortgage payers - bad news for savers0
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There are signes the economy is picking up, a reduction in interest rates would have indicated things are getting worse, much worse.0
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The reason it was held at .5% is because to cut any more would have no effect,they`ve gone as far as they can.
The banks (still a law unto themselves) wouldn`t pass any cut on and with savers very unhappy with crap rates,they could hardly cut them further.
They are now relying on QE (printing money) but things can only get worse.
Sooner or later all this debt has to be paid for with higher taxes.
The longer an election is delayed the deeper it`ll get.
Labour are quite happy to rack up the debt because they wont be around to sort it out.0 -
It will take time for the economy to rise from its bottom yes. But its already being said the bottom has been reached, if thats the case then there are two out comes, the economy will either flatlines for god knows how long or the economy will start growing.0
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Labour are quite happy to rack up the debt because they wont be around to sort it out."The trouble with quotations on the Internet is that you never know whether they are genuine" - Charles Dickens0
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There is no way on earth that this motley crew can ever be re-elected,look at the odds at the bookies.
They`ve had their run and managed to upset every section of the country.
They`ll certainly be trying to get re-elected but the voters wont be fooled again.
One year and counting,no chance.0 -
There is no way on earth that this motley crew can ever be re-elected,look at the odds at the bookies.
They`ve had their run and managed to upset every section of the country.
They`ll certainly be trying to get re-elected but the voters wont be fooled again.
One year and counting,no chance.
One would hope that you are right, and you probably are. But ever since universal suffrage have we had such a gullible, politically and economically ignorant, short-termist, and fickle electorate ? Sadly I don't think it's quite a foregone conclusion.No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0
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