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Cpi 1.8%
Comments
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In any case, why should the BoE bail out muppets like Northern Rock.
If a lender gets in to trouble due to its own stupidity then they should pay the price. Otherwise, what happens is that banks will effectively get the green light to risk these type of home loans safe in the knowledge that they will be bailed out. This whole problem has been caused by retail banks fighting for market share. If there is no risk to them then they will continue offering high multiples, longer term mortgages etc etc
The shareholders of Northern Rock have a very heavy price to pay! I doubt that seeing your share price plummet, killing your brand dead and watching while someone buys you out is much of a green light to anyone looking at their business model.Everything that is supposed to be in heaven is already here on earth.
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If the BoE cut rates now then are they not giving a green light to a worsening credit/debt/mortgage boom, eventually leading to an even bigger crash than the one we were about to have anyway ?
Yes, I think cutting rates now would be a stupid move. I don't expect it to happen.They did it before (2003/4) so chances are they will do it again?
Hopefully they've learned from their mistake.In any case, why should the BoE bail out muppets like Northern Rock
This isn't a "bail out". The BoE have created a facility to lend money to Northern Rock. Northern Rock haven't even used the facility! This should have been a fairly simple affair but the media hyped it up, calling it a crisis, and got everyone in a panic.Doozergirl wrote: »The shareholders of Northern Rock have a very heavy price to pay! I doubt that seeing your share price plummet, killing your brand dead and watching while someone buys you out is much of a green light to anyone looking at their business model.
Well said.Withh that level of certainty, you must be gearing up to make a TON of money in the coming meltdown! I envy you.:p
Cheers!
What meltdown? One small bank has a short-term problem, which is then hyped up by the media so that it becomes a potentially serious problem for that one bank's shareholders? That is not a melt-down.
And still you fail to reveal how a 1.8% RPI figure has made you so mad.0 -
You didn't actually answer my question though. Why are you so mad? (what you've said doesn't seem to have any bearing on the inflation rate)
Oh come on do you really expect anything different?
The government = you keep paying your taxes, status quo kept as long as possible. Tax payers should be seen and not HEARD!:rolleyes:0 -
The interest rate cut might help to quell to problems that are happening at the moment but will only postpone the recession.0
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Oh come on do you really expect anything different?
The government = you keep paying your taxes, status quo kept as long as possible. Tax payers should be seen and not HEARD!:rolleyes:
I'm sorry, but I have no idea what you are trying to say (in relation to the supposed topic of this thread - that the CPI is up 1.8% from one year ago)
What has this got to do with the CPI of 1.8%? You think it's a made-up figure?0 -
Melissa177 wrote: »Particularly nice that they've fixed the Student Loan rate at March's (4.8%) level this year....
Which means that someone with a £15k student debt will need to earn at least £22,700 p.a. so that their loan payments are the same as the interest! The average graduate starting salary isn't anywhere near that!!Should've = Should HAVE (not 'of')
Would've = Would HAVE (not 'of')
No, I am not perfect, but yes I do judge people on their use of basic English language. If you didn't know the above, then learn it! (If English is your second language, then you are forgiven!)0 -
Doozergirl wrote: »The shareholders of Northern Rock have a very heavy price to pay! I doubt that seeing your share price plummet, killing your brand dead and watching while someone buys you out is much of a green light to anyone looking at their business model.
Still doesn't change the need for lenders to understand that irresponsible lending will not be bankrolled by central government/taxpayer0
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