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Bank of England MPC leave interest rates at 0.5% with no futher QE

2

Comments

  • TruckerT
    TruckerT Posts: 1,714 Forumite
    I would have thought that spiralling price rises do not contribute much to financial stability

    TruckerT
    According to Clapton, I am a totally ignorant idiot.
  • FTBFun
    FTBFun Posts: 4,273 Forumite
    DervProf wrote: »
    Funny how there seems to be less of a "kerfuffle" about this today. Seems a bit strange that we're not hearing about how great this news is for a certain someone, and how well his "plan" is going.

    Probably because he has better things to do than pander to your bitterness?

    As do I. Back to work.
  • de1amo
    de1amo Posts: 3,401 Forumite
    1,000 Posts Combo Breaker
    according to the experts on bloomberg international all this 'inactivity' and lack of leadership in policy is driving us into a huge hole of a recession to dwarf 2008--the credit flow has stopped and without QE the end is nigh!--after the G7 do nothing this weekend i can see a bloodbath on Monday
    mfw'11 No68- 55k mortgage İO--little to nothing saved! i must do better.
  • TruckerT
    TruckerT Posts: 1,714 Forumite
    de1amo wrote: »
    according to the experts on bloomberg international all this 'inactivity' and lack of leadership in policy is driving us into a huge hole of a recession to dwarf 2008--the credit flow has stopped and without QE the end is nigh!--after the G7 do nothing this weekend i can see a bloodbath on Monday

    In the 'new economics' of Random Guesswork, would you seriously listen to the experts who work for a name like 'Bloomberg International'?

    TruckerT
    According to Clapton, I am a totally ignorant idiot.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    TruckerT wrote: »
    I would have thought that spiralling price rises do not contribute much to financial stability

    And do you propose that the BOE controls prices for gas and electric for example ?
  • TruckerT
    TruckerT Posts: 1,714 Forumite
    Thrugelmir wrote: »
    And do you propose that the BOE controls prices for gas and electric for example ?

    Their predecessors did it for wages, so 'YES'

    TruckerT
    According to Clapton, I am a totally ignorant idiot.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    TruckerT wrote: »
    Their predecessors did it for wages, so 'YES'

    TruckerT

    Ok. How? By what means or method.
  • TruckerT
    TruckerT Posts: 1,714 Forumite
    Thrugelmir wrote: »
    Ok. How? By what means or method.

    Read my earlier post - in the 1970s, pay rises were, for a while, illegal

    E.Heath did the three-day week, and M.Thatcher did the UK mining industry in order to keep energy affordable, so what's the problem with simply capping today's prices for a while?

    Was it you who said, on a different thread, that we need a massive attitude change?

    TruckerT
    According to Clapton, I am a totally ignorant idiot.
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    TruckerT wrote: »
    Read my earlier post - in the 1970s, pay rises were, for a while, illegal

    E.Heath did the three-day week, and M.Thatcher did the UK mining industry in order to keep energy affordable, so what's the problem with simply capping today's prices for a while?

    Was it you who said, on a different thread, that we need a massive attitude change?

    TruckerT

    But we import gas and oil a lot now, we can't cost control a global commodity.
  • Aberdeenangarse
    Aberdeenangarse Posts: 1,262 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    TruckerT wrote: »
    Read my earlier post - in the 1970s, pay rises were, for a while, illegal

    It never worked, people just found ways around it i.e. changing the Job title.....ooooooh I've got a Promotion ;)
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