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Debate House Prices


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Raise rate to get things moving again?

245

Comments

  • tartanterra
    tartanterra Posts: 819 Forumite
    Lewis1967 wrote: »
    Small businesses are finding it hard to put their prices up in line with everything else. But their suppliers are having to put their prices up so this has to be passed on to the customer.

    Keeping interest rates too low for too long is driving up the prices of everything and in turn people are spending less and busnesses are doing worse.

    Even if the price increases are not as much as utilities and other things going up, most people think Ummm seems expensive.

    Forget the C.P.LIE they can set that at whatever they want. Real infaltion is felt by how much spare cash average people have after paying for living.


    Why not put up interest rates now and stop printing more money? Get real inflation down so the economy starts to pick up.

    The way things are going its only going to get worse if keep postponing putting the base rate back up to where it should be.

    As a small business, we are experiencing real cash flow problems at the moment because customers aren't paying their bills on time. The knock on effect is that we need to borrow until they pay, and we delay paying our bills.
    This has a domino effect all the way down the chain.

    Luckily, you have a solution. Increase everyone's borrowing costs.
    Well done Einstien, that will really help everyone.

    Were you an economic advisor to Gordon Brown?

    That's not you is it, Ed Balls?
    Nothing is foolproof, as fools are so ingenious! :D
  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    ILW wrote: »
    Guess it all depends on whether you are in debt or not.

    im only in around 30k of unsecured debt.
  • ILW
    ILW Posts: 18,333 Forumite
    Dan: wrote: »
    im only in around 30k of unsecured debt.

    A mortgage is also debt.
  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    ILW wrote: »
    A mortgage is also debt.

    secured debt so quite different.
  • ILW
    ILW Posts: 18,333 Forumite
    Dan: wrote: »
    secured debt so quite different.
    Not when you are discussing who benefits or loses out from inflation and interest rates.
  • RenovationMan
    RenovationMan Posts: 4,227 Forumite
    Will the UK economy benefit from interest rates increasing right now?
  • ILW
    ILW Posts: 18,333 Forumite
    RenovationMan wrote: »
    Will the UK economy benefit from interest rates increasing right now?

    Some parts will and others will not. All depends where you happen to be financially.
  • abaxas
    abaxas Posts: 4,141 Forumite
    RenovationMan wrote: »
    Will the UK economy benefit from interest rates increasing right now?

    You cant just say benefit without a timeframe or both answers would be correct.
  • RenovationMan
    RenovationMan Posts: 4,227 Forumite
    ILW wrote: »
    Some parts will and others will not. All depends where you happen to be financially.

    Where does the UK economy happen to be, financially?
  • RenovationMan
    RenovationMan Posts: 4,227 Forumite
    abaxas wrote: »
    You cant just say benefit without a timeframe or both answers would be correct.

    I said 'right now', so the time frame is now.
This discussion has been closed.
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