Not raising rates is damaging the economy

StevieJ

ILW wrote: »

For the last 3 years it has constantly been above their projections, they have either lost control or secretly decided to let it run.

I think the reinstatement of NS&I index linked savings should give you a clue to what the level of inflation will be in 12 months time

Thrugelmir

des_cartes wrote: »

Germany and France are growing twice as fast as Britain with higher interest rates, a stronger currency and half the UK's inflation rate.

Then the UK as a whole has to adopt a totally different approach. By whole I mean at every level as Really2 has suggested. Forget pulling a few levers to correct the situation here in the Uk. Germany's economic success comes from decades of a given mindset. Summarised as cautious, long term and consistent.

michelle1506

Well quite honestly, everytime I hear that interest rates are not rising is a bonus time for me, and I feel relief. I'm a public sector worker, who is pregnant and could be out of a job anytime soon, and I am not allowed to have a payrise for the next two years.

I am grateful and glad that interest rates continue to be depressed, and hope it continues for a good while yet.

Jimmy_31

HAMISH_MCTAVISH wrote: »

No, the entire point of the article is SAGA issuing propaganda to support their members interests.

Nothing wrong with that.... It's what special interest groups are supposed to do, but don't for one moment mistake it for an objective analysis of the situation from a competent observer.

For that, you need to look elsewhere.

Like here......

http://business.scotsman.com/economics/Blanchflower-says-interest-rates-will.6765437.jp

I dont know about that, i find it quite annoying when somebody starts with the propaganda to support their special interest.

Take those people who keep saying house prices are rising or now is the time to buy, now that is annoying when its quite plain to see that the housing market is falling.