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Interest Rates

Glen_Clark
Glen_Clark Posts: 4,397 Forumite
in Savings & investments
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

Comments

  • redbuzzard
    redbuzzard Posts: 718 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    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 Bogart
  • opinions4u
    opinions4u Posts: 19,411 Forumite
    I'm all for a good conspiracy theory.

    But this one's silly.
  • Glen_Clark
    Glen_Clark Posts: 4,397 Forumite
    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 Sinclair
  • ColdIron
    ColdIron Posts: 9,623 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    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 any
  • Gadfium
    Gadfium Posts: 763 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    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.
  • redbuzzard
    redbuzzard Posts: 718 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    ColdIron wrote: »
    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 Bogart
  • ColdIron
    ColdIron Posts: 9,623 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    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 yet
  • Glen_Clark
    Glen_Clark Posts: 4,397 Forumite
    ColdIron wrote: »
    More aspirational than a promise
    Is that a quote from Sir Humphrey Appleby,
    or did you make it up yourself ;)
    “It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair
This discussion has been closed.
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