Interest Rates - BoE should cut them or the governer should go!

SuperV

And vote again for May! Say what you think about the BoE interest rate. Should it be increased or decreased? What do you think? What do you want? What do you need?

http://www.moralhazard.co.uk/

p.s.
Prepare for elections...

Wutang_2

SuperV wrote: »

And vote again for May! Say what you think about the BoE interest rate. Should it be increased or decreased? What do you think? What do you want? What do you need?

http://www.moralhazard.co.uk/

p.s.
Prepare for elections...

What a brilliant website!! Its for people who want to be pretentious.

SuperV

Wutang wrote: »

What a brilliant website!! Its for people who want to be pretentious.

Maybe... or just for those who wants to be responsible members of a democratic community. It is said that war is too important to be left to the generals. I believe economy is too important to be left only to economists.

SuperV

"More than five million home owners will be unable to afford a rise in interest rates and will be in danger of being evicted from their homes, charities have warned."

http://www.telegraph.co.uk/finance/personalfinance/7718853/Five-million-home-owners-unable-to-afford-interest-rate-rise.html

Vote again for the move in BoE base interest rate at:

http://www.moralhazard.co.uk/

Tell what you think! You should get used to! :beer:

brit1234

SuperV wrote: »

"More than five million home owners will be unable to afford a rise in interest rates and will be in danger of being evicted from their homes, charities have warned."

http://www.telegraph.co.uk/finance/personalfinance/7718853/Five-million-home-owners-unable-to-afford-interest-rate-rise.html

Vote again for the move in BoE base interest rate at:

http://www.moralhazard.co.uk/

Tell what you think! You should get used to! :beer:

Thats purely shocking as interest rates are only 0.5%. There should be an ivestigation why such bad borrowers were given mortgages.

However with inflation well over target and low interest rates responsible for the credit crunchit is clearly time to raise them.

How can you repair a country and revervse huge debt levels when interest rates are too low. Lets stop making this worse and give people encouragement to save, raise rates now.

SuperV

brit1234 wrote: »

Thats purely shocking as interest rates are only 0.5%. There should be an ivestigation why such bad borrowers were given mortgages.

However with inflation well over target and low interest rates responsible for the credit crunchit is clearly time to raise them.

How can you repair a country and revervse huge debt levels when interest rates are too low. Lets stop making this worse and give people encouragement to save, raise rates now.

Exactly! So tell what you think! At the moment it is +0.5 increase.

SuperV

http://www.guardian.co.uk/business/2010/may/26/oecd-backs-coalition-spending-cuts

"Organisation for Economic Co-operation and Development, the Paris-based thinktank, says Bank of England must raise rates no later than last quarter of year"

So, common sense does make sense )) - at the moment for this month people have voted to increase interest rate by 0.6%.

http://www.moralhazard.co.uk/

SuperV

http://uk.news.yahoo.com/21/20100613/tuk-bank-signals-interest-rate-rise-6323e80.html

A Bank of England policymaker has signalled that interest rates may need to rise this year as worries persist over the "resilience" of inflation.

Tell what you think on moralhazard.co.uk. 0.58% increase is what you have said till now!

SuperV

"Over a million people will lose their jobs due to the Government’s spending cuts over the next five years, a leaked document projects"

http://www.telegraph.co.uk/finance/economics/7862451/1.3m-people-to-lose-jobs-in-Austerity-Budget.html

The full circle two years after.

Vote for interest rate increase or cut at:
http://www.moralhazard.co.uk/

SuperV

http://www.guardian.co.uk/politics/2010/jul/03/treasury-orders-cabinet-plan-40-percent-cuts

Still spending too much on military, not enough on investments...