Couldn't agree more, absolute muppets and completely out of touch with reality. I'm seriously concerned they'll over tighten a push the economy into a depression.
Bank of England
- Thread starter nelly55
- Start date
More to life
Member
- Location
- Somerset
I would be of the opinion that in real terms there have been massive cuts in government spending.
All this was covered back in the day.
You are seriously overestimating these people imo. The Peter Principle on acid.
ridger
Member
- Location
- Tyrone, Northern Ireland
I'm on a base rate tracker mortgage and could get a 2 year deal for a fair bit less per month, but then I can't get back onto my old deal again. I had 10 very cheap years though. Hardly know what to do
- Location
- North Yorkshire
Stick imo. If I was to take out a 10 year bank loan I think unless the margin over base was ridiculous going variable, I wouldn’t be fixing for that sort of period it could turn out to be hugely expensive. Hire purchase is like that just now, the fixed rate you are signing up to has got very high if you are taking it over 5 years say
Whitewalker
Member
We were on a variable rate , I moved to a fixed reasonably quick, Thankfully like yourself we have had the full time of low rates on the mortgage. With only 7 years to go I fixed for 5 and tbh I'm glad as we already have a year past us so only 4 more fixed to go . It can roll out on that .
Tubbylew
Member
- Location
- Herefordshire
The Bank’s blunders will send Britain into deflation
Britain’s monetary elite are hedging against the wrong risk
www.telegraph.co.uk
The Bank of England has failed. It must urgently lower interest rates
City Voices: The MPC has turned a blind eye to the economic warning signs that monetary policy is too restrictive
www.standard.co.uk
- Location
- Lincolnshire
Economy of the USA expected to grow by almost 3% in 2024.
Economy of the UK expected to grow by between 0.1 and 0.6% in 2024.
Economy of the UK expected to grow by between 0.1 and 0.6% in 2024.
Its all bo##ocks really. Inflation has dropped which means things havent got cheaper, they just arent getting dearer as fast as they were. Government thinks its all rosey but council tax is rising ,councils are going bust and they havent the money to repair our shocking roads etc . They must have rose tinted glasses on. BOE will keep rates as they are tomorrow by the sounds.
livestock 1
Member
2% inflation is really too low to aim for
Roger Perry
Member
What are you doing to turn things around....?
If you are standing still you are in reality going backwards.
Can’t help feeling that after watching the news tonight that politics in this country is fecked, just like with Brexit they have no interest in what’s good for the country they are only interested in themselves, as for the House of Lords what a waste of space that has now become.
Which ever party is in power will make little difference the countries on a downward spiral.
Which ever party is in power will make little difference the countries on a downward spiral.
livestock 1
Member
I’m not sure they care about progress for our economy. 2% inflation is too low it will stifle businesses far too much. 2023 saw more businesses go bust than ever before
More to life
Member
- Location
- Somerset
2023 didn't see much inflation at 2%
Headless chicken
Member
- Location
- West Wales
Concerning that the fed hasn’t moved but I suspect sunak would be baring down hard to show some movement to make him look better for GE
Many businesses were living on borrowed time prior to COVID. I'm not saying it's BBLs orfurloughing that's come back to bite them in the arse but many companies were zombified, I heard.
Explain why 3%+ inflation is good? Isn't that just a dog chasing its own tail? Fun exercise but pointless and gets us nowhere.