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Interest rates up first time in a decade
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 steeleye20  Croydon 02 Nov 17 5.26pm |
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The thread topic is interest rates. So if its boring just pick another thread. Has BOE independence been a success for example I think the jury is out.
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 Hrolf The Ganger 02 Nov 17 5.36pm |
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Originally posted by steeleye20
The buck stops with the tories. In power for 8 years nearly. That's far too long they have no ideas other than to copy from Corbyn and that just makes them look ridiculous. Brown and Darling would have got us through ok IMO. If it were true, I would agree with you but this issue has been going on far longer that eight years. Perhaps you have forgotten, so soon, how desperate the majority were to see the back of Gordon Brown. Edited by Hrolf The Ganger (02 Nov 2017 5.37pm)
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| Mr_Gristle In the land of Whelk Eaters 02 Nov 17 5.49pm |
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If pundits, buy to letters and lobby groups are doomsaying on the back of the base rate being 0.5%, wait until the corrections really start.
Well I think Simon's head is large; always involved in espionage. (Name that tune) |
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pefwin  Where you have to have an English ... 02 Nov 17 6.22pm |
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Originally posted by Hrolf The Ganger
I worked it out using The Force. The dark side of the force is always wrong. The saddest bit is the markets have been expecting it ages but still manage to further devalue Sterling, increasing inflation; though in the short-term our massive manufacturing industry may sell more goods.
"Everything is air-droppable at least once." "When the going gets tough, the tough call for close air support." |
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| pefwin Where you have to have an English ... 02 Nov 17 6.27pm |
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Originally posted by Hrolf The Ganger
If it were true, I would agree with you but this issue has been going on far longer that eight years. Perhaps you have forgotten, so soon, how desperate the majority were to see the back of Gordon Brown. Edited by Hrolf The Ganger (02 Nov 2017 5.37pm) Bring back Brown. How short memories are. He handled the recession pretty well considering where the (Tory voting, ahem) bankers RBS et al had got the UK economy, with vast amounts of plebs holding too much debt and themselves over exposed. He lost the election because to be frank, he's a megalomaniac control freak without the ability to communicate.
"Everything is air-droppable at least once." "When the going gets tough, the tough call for close air support." |
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| hedgehog50 Croydon 02 Nov 17 6.44pm |
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Originally posted by Mr_Gristle
If pundits, buy to letters and lobby groups are doomsaying on the back of the base rate being 0.5%, wait until the corrections really start. This is true, you can only hold back reality for so long.
We have now sunk to a depth at which the restatement of the obvious is the first duty of intelligent men. [Orwell] |
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| Hrolf The Ganger 02 Nov 17 8.38pm |
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Originally posted by pefwin
The dark side of the force is always wrong. The saddest bit is the markets have been expecting it ages but still manage to further devalue Sterling, increasing inflation; though in the short-term our massive manufacturing industry may sell more goods. I am not your father.
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| Hrolf The Ganger 02 Nov 17 8.39pm |
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Originally posted by pefwin
Bring back Brown. How short memories are. He handled the recession pretty well considering where the (Tory voting, ahem) bankers RBS et al had got the UK economy, with vast amounts of plebs holding too much debt and themselves over exposed. He lost the election because to be frank, he's a megalomaniac control freak without the ability to communicate. I agree with two of those things.
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| braunstoneagle the middle of bumf*** nowhere... 02 Nov 17 9.51pm |
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think that pushes my morgage on a mid-market 3 bedroom detached house over £1000 a month. no wonder its so hard for people to get onthe ladder, dont even get me started on the farce that is stamp duty!
‘Football isn’t instant coffee. You have to work at it. You must grow the bean, grind it.’ Ian Holloway |
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PalazioVecchio  south pole 03 Nov 17 9.14am |
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And the next rise in interest rates will murder london property prices. Expected early next year. Maybe a good thing.
Kayla did Anfield & Old Trafford |
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| Lyons550 Shirley 03 Nov 17 12.36pm |
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Originally posted by steeleye20
The thread topic is interest rates. So if its boring just pick another thread. Has BOE independence been a success for example I think the jury is out. I'm happy to discuss interest rates...it's you that seems to find it hard to stick on track...instead using them as another political stick to bang your tired drum with.
The Voice of Reason In An Otherwise Mediocre World |
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| Lyons550 Shirley 03 Nov 17 12.47pm |
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Originally posted by PalazioVecchio
And the next rise in interest rates will murder london property prices. Expected early next year. Maybe a good thing.
The BoE simply wouldn't risk a rate rise that would see 1,000's defaulting on their mortgages. They're now in a situation where (as I said before) they have to start weening the public off of low rates in order to allow economy the time to adjust accordingly without creating any seismic shocks. So i cant see it 'murdering london property prices' anytime soon tbh. The current housing cycle is only half through it's life (reckoned to be on avg 18yrs from past data) ...it was predicted that a slowdon will occur these last 12months before then a small dip and then another rise before it becomes another bubble and bursts. Interest rate rise WILL have an effect; but not a great one unless they hit >6% from my perspective as most landlords (well the sensible ones) are building stress factoring into their figures before buying property anyhoo....
The Voice of Reason In An Otherwise Mediocre World |
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