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Interest rates so low - don't bother saving!
Comments
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Glad I opened up a Tesco bond in October @ 3.2% - rates seem to have dropped like a stone since then!
Indeed.
I think Cameron thinks that if he appears to punish anyone who's got a few bob put away, and ramrods gay marriage through Parliament then the centre ground is his and victory in 2015 certain.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 -
Cameron doesn't set interest rates as this is now the BoE's job. Yes, this does seem rather like one person working the clutch and the other the gearstick, but we have labour to blame for this mess as it was one of their first bright moves after getting into power.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
gadgetmind wrote: »Cameron doesn't set interest rates as this is now the BoE's job. Yes, this does seem rather like one person working the clutch and the other the gearstick, but we have labour to blame for this mess as it was one of their first bright moves after getting into power.
Cameron is tolerating inflation well over 2% and bank rate of 0.5%. The BofE could have been slammed over this years ago if it was inconsistent with government policy.
But of course I agree that things would be a darn site worse with Labour still in.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 -
GeorgeHowell wrote: »But of course I agree that things would be a darn site worse with Labour still in.
Of that there can be no doubt.
The rate they chewed through cash was pretty amazing but what really took ones breath away was how little was left to show for it at the end of the party.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
gadgetmind wrote: »Of that there can be no doubt.
The rate they chewed through cash was pretty amazing but what really took ones breath away was how little was left to show for it at the end of the party.
Indeed. They kid themselves that they were creating a fairer society. Unfortunately 30%-40% of the electorate apparently agree.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 -
GeorgeHowell wrote: »Cameron is tolerating inflation well over 2% and bank rate of 0.5%.
Unfortunately Cameron has no control over prices of imported products. Nor the state of the banks balance sheets. Or financial events in Europe or the USA.
Like the majority. He's probably hoping we get through this without a crisis.0 -
GeorgeHowell wrote: »They kid themselves that they were creating a fairer society. Unfortunately 30%-40% of the electorate apparently agree.
That's because some people think that "fair" means "I get handouts that other poor sods have to work hard to pay for."I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
GeorgeHowell wrote: »About 2.25% if you're lucky I would think. But at least you won't lose nominal capital like you might on the stock market.
True. Although you'd have been 20% up if you'd had money in a UK equity income fund over the last 12 months.Remember the saying: if it looks too good to be true it almost certainly is.0 -
gadgetmind wrote: »This is one of the few times that I wish we had a mortgage!
I kinda wish mine was bigger lol. Owing 60K or so, on a house worth high 6, maybe 7 figures seems like I am not leveraged enough lol. I like leveraging, but not that much I guess.0 -
GeorgeHowell wrote: »About 2.25% if you're lucky I would think. But at least you won't lose nominal capital like you might on the stock market.
I haven't lost any this year, thanks. I certainly made more than any bank or BS would have given me and outpaced inflation. Bet you can't say the same..0
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