We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Poll - What do YOU THINK the MPC should do on 7th Feb?
Comments
-
And it seems the FTSE didn't like the news one bit:
http://uk.finance.yahoo.com/q/bc?t=1d&s=^ftse
I would laugh, but I feel i'm being punished for not having huge debts.0 -
I guess that the FTSE wanted a larger cut.
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0 -
Maybe the cut showed that the BoE lacks confidence in the economy thus driving the FTSE down."Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
"I think I'll become an alcoholic," said Betty.0 -
Oh yeah; more liquidity please:rotfl:Gorgeous_George wrote: »I guess that the FTSE wanted a larger cut.
GGBLOODBATH IN THE EVENING THEN? :shocked: OR PERHAPS THE AFTERNOON? OR THE MORNING? OH, FORGET THIS MALARKEY!
THE KILLERS :cool:
THE PUNISHER :dance: MATURE CHEDDAR ADDICT:cool:0 -
Would it be too simplistic to say that if your savings are less than your mortgage then a rate cut is good for you? Sure, you lose cash from your savings interest, but you gain on your mortgage.
With that in mind, I welcome a cut. We didn't borrow hugely for my family home, in fact only 3x joint income, but our mortgage is substantially more than our savings. I would put my neck on the line and say that my situation is common in my age group (late 20s).
I don't like these people who want to "punish" us for buying a home. We weren't reckless, we save every month and .25% rate cut will save £30 per month...which is good.
All thoughts welcome...0 -
free4440273 wrote: ».25 cut, and savers screwed yet again :mad:
Yes agreed - I hope the borrowers choke on it!0 -
Originally Posted by free4440273
.25 cut, and savers screwed yet again :mad:
:rotfl:I wouldn't go that far:DYes agreed - I hope the borrowers choke on it!BLOODBATH IN THE EVENING THEN? :shocked: OR PERHAPS THE AFTERNOON? OR THE MORNING? OH, FORGET THIS MALARKEY!
THE KILLERS :cool:
THE PUNISHER :dance: MATURE CHEDDAR ADDICT:cool:0 -
firsttimetom wrote: »Gits!!
They are repeatly screwing us over. I'm very annoyed.
At least people up to their neck in debt will have some recourse which makes me feel better ........... NOT.
(Actually if this will push share prices up a little it be a very small silver lining as my Halifax owned ISA S+S has not been doing so well)
I totally agreed I too am very annoyed - so much for an independant BOE!
Why can't we keep a decent living - these pl**ker borrowers would complain like hell and whinge if the wages were cut!0 -
Yes agreed - I hope the borrowers choke on it!
were all supposed to be borrowers now!!!!!
this is what a labour government wants its citizens to do.....borrow
my education has involved going massivly into debt...............this is what were all supposed to do.........getting loans out...credit cards etc........no big deal to anyone under 30 (the Government has taught us how to do it)
can all the old people please stop moaning about a rate cut0 -
Gorgeous_George wrote: »My wages are eroded most years with below-inflation pay rises. I get used to it and look for other ways to boost income.
Anyway, a 0.25% cut it is.
GG
At least you get some increases!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards