When do you think interest rates will go up?

Former_MSE_Debs

Poll started 21 May 2013

The base rate has been on hold at its historic 0.5% low since March 2009, with little sign of it rising any time soon. The result has been record low borrowing rates but shocking savings returns.

But when do you think they will eventually rise? Dust off your crystal ball and give us your prediction by clicking on the vote link below.

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To see the results from last time, click this.

temperatedan

There's to be an election in 2015 so there'll be no changes. After the Election, expect any promises to be broken and for inflation to be let rip screwing savers but helping those with debts and those who lend to them (the banks). It is a crazy way to run an economy; support and boost the housing market, destroy savings and do nothing about industry. Politicians these days only play politics but leave laws to the civil service and finance to the Bankers who move in and out a revolving door at the Treasury. They have been messing up the country for years so don't expect a change while the career politicians and bureaucrats stuff their pockets with our money and privatise everything in sight with no regualtion so that they can get offers of consultancies in the companies they privatise.

They're privatising the NHS right now and you won't get decent care unless you've got insurance only most of the dopey voters haven't cottoned on.

The politicians of the three parties come from the same backgropunds but pretend they are different. They aren't. The Coalition hasn't changed the course of government since coming to power except for more privatisation. Blair/Brown/Cameron/Clegg = same/same/same/same.

Fred56

TemperateDan

[FONT=&quot]You are spot on there. The new manager of the BoE will let inflation rip and blame it in King. Interest rates will go to zero. Saver and pensioners will gets absolutely screwed. The country is so far bankrupt there is no other way. The thing I don't quite understand is why the government has not borrowed vast amounts in sterling denominated amounts. They should be doing that now so the inflation makes re-investment cheaper in the long run[/FONT]
[FONT=&quot]On second thoughts, there are other ways. The government could seize all private savings, all private pension funds, take a charge on all privately owned property to recover health and care costs at end of life. Think about it. Just because it seems completely unjust does not mean they won’t do it. Look at the recent demonization of the older population. Is it just subtle negative publicity adjusting attitudes? [/FONT]
[FONT=&quot]Write this down and see if I'm right. Before this is done everyone owning property will have to release its equity and use it before they get state pensions. Works like that with care and has done for years.[/FONT]
[FONT=&quot]I'm at the end of working life. I don't want to be. I'm 57 and have not had a proper job for 10 years. I hold OND, HNC and a BSc and have 30 years management experience.
My three adult kids all have first class honours degrees and all did post-grad. None of them can afford their own homes and will never be able to afford to have children. They all have huge student debts.
My brother left this country in the 80s because he said it was going to the dogs. We all scoffed at him then but every one of his predictions came true. Was he wrong? No, he earns more than all my kids and me put together armed with just the right location and an ordinary BSc MechEng from Newcastle - ordinary = no honours. We have between us four degrees, two masters and two PgDips but we live in a F'd up country.
Everything is upside down. We subside low pay with absurd levels of benefits in the shape of tax credits, local housing allowance and council tax benefit. Then we let the employers export their profits to a low tax or no tax location. We perpetuate the great property value swindle by deliberately inflating land and property values through an excessively restrictive planning system, taxing house building (check out CIL and Affordable Housing Contribution) and underwriting part of house purchases. Stupid! Housing and commercial property is hugely overvalued and far too expensive to rent. LHA has put a floor under house rents to the point working people can barely afford to live. £21bn a year to subsidise the landlords who can let completely unregulated dwellings that are dangerous to health.[/FONT]
[FONT=&quot]It’s about time employers paid living wages and were obliged to train staff rather than demanding we import more people because no one will train those already languishing in idleness in the northern towns and cities.[/FONT]
[FONT=&quot]End of rant part one
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