0.25% cut in BoE base rate

izzybusy23

Stevie1 wrote: »

Why should they have put it up?

Cutting IR by 0.25% - 0.50% is the right decision at the moment, economically

What utter tosh!!!!

I fail to see that its the right decision as a loaf of bread costs in excess of £1.15 and petrol £1.07. Inflation is rampant at the moment and the cost of everything is rising.

But as long as it keeps the home owners happy, then sod everybody else. :mad:

Edited to say.. total newbie response I guess

Paul_N_4

chinatown wrote: »

It will for us. Our mortage payment should go down by around £30. Even if its just short term it'll help us out a great deal.

An extra £7.50 per week will "help you out a great deal"! My, things have got bad out there.

adr0ck

izzybusy23 wrote: »

What utter tosh!!!!

I fail to see that its the right decision as a loaf of bread costs in excess of £1.15 and petrol £1.07. Inflation is rampant at the moment and the cost of everything is rising.

But as long as it keeps the home owners happy, then sod everybody else. :mad:

Edited to say.. total newbie response I guess

just buy cheaper bread izzy

cost 50p

therefore saving 65p a time

adr0ck

Paul_N wrote: »

An extra £7.50 per week will "help you out a great deal"! My, things have got bad out there.

Thats over £350 a year

might not be a lot of money to you paul but its quite a lot for other people

Paul_N_4

adr0ck wrote: »

Thats over £350 a year

might not be a lot of money to you paul but its quite a lot for other people

"Other people" being those that take out £200,000 mortgages?

adr0ck

Paul_N wrote: »

"Other people" being those that take out £200,000 mortgages?

sorry what have people with £200,000 mortgages got to do with it?

Paul_N_4

adr0ck wrote: »

sorry what have people with £200,000 mortgages got to do with it?

The base rate dropping 0.25% saves approx £30 a month for someone with a £200,000 mortgage.

Dan:_4

izzybusy23 wrote: »

What utter tosh!!!!

But as long as it keeps the home owners happy, then sod everybody else. :mad:

Is that because you cant afford to buy a house of your own?

izzybusy23 wrote: »

Edited to say.. total newbie response I guess

Why do you always comment that someone is a newbie member if their view is different to yours?

adr0ck

Paul_N wrote: »

The base rate dropping 0.25% saves approx £30 a month for someone with a £200,000 mortgage.

still sounds like a lot of money to me

if anyone thinks £350 is nothing i will readily accept any cash donations

neas

What other posters sayis true...

This is symbolic attempt to try and curb the HPC.... To ease people... psychology... people will feel better they wont notice the food bill go and the car petrol bill go up... these are hidden in the weeds... so to say.

Also weaker currency.. (Anyone got any euros lately? :P) means more expensive holidays abroad..