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Interest Rates
Glen_Clark
Posts: 4,397 Forumite
After some details of their expenses were leaked, MPs were stopped from claiming second home mortgage interest on their expenses in 2010. Since then they have forced interest rates down to record lows. Coincidence or what?
“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair
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Comments
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Coincidence. MPs have no power for the most part, and the Bullingdon boys aren't short of a bob or two
"Things are never so bad they can't be made worse" - Humphrey Bogart0 -
I'm all for a good conspiracy theory.
But this one's silly.0 -
don't seem very keen to get interest rates back to matching inflation though do they?“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0
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That would probably push up mortgage rates and therefore increase repossessions
BTW What were 'Cameron & Osborne's broken promises to savers'? I can't think of any0 -
Confusing correlation with causation is the sign of a good conspiracy "theorist".
Along with not being able to tell the difference between a theory and a hypothesis.0 -
BTW What were 'Cameron & Osborne's broken promises to savers'? I can't think of any
Pre-election, and had his fingers crossed
http://www.telegraph.co.uk/comment/telegraph-view/4127321/David-Cameron-makes-a-bold-promise-to-savers.html
http://www.saveoursavers.co.uk/author/simon-rose/trust-me-im-a-politician/"Things are never so bad they can't be made worse" - Humphrey Bogart0 -
Ah yes, a bit of pre-election spiel that didn't make it into the manifesto. More aspirational than a promise and a country mile away from 'I pledge not to increase tuition fees'
I won't hold that against them in 2015 but I might hold Osborne's seeming inability or unwillingness to get to grip with the deficit or introduce radical changes to the tax regime against them
Still, Balls would be infinitely worse, we seem to be stuck with mediocre ministers for a little while yet0 -
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