Originally posted by TykeMerc
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Bank Of England Base Rate News
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Originally posted by Forgotmylogin View PostTo be fair, I think he's so thick he doesn't even realise it himself.Comment
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Originally posted by CretinWatcher View PostSomething he shares with many on this forum ...Comment
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Originally posted by PurpleGorilla View PostI don't think they will cut rates on this occasion.Comment
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Originally posted by diseasex View PostI'm not sharing anything. These idiots can say/ believe what they want. I'll carry on regardless. 52% are idiots to be exact. More than half on this forum too.Comment
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Originally posted by diseasex View PostI'm not sharing anything. These idiots can say/ believe what they want. I'll carry on regardless. 52% are idiots to be exact. More than half on this forum too.
How about 95% of this forum think you are a complete fecking, thick as mince, chuntThe Chunt of Chunts.Comment
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Originally posted by Forgotmylogin View PostI'm confused.
We were warned that if the UK voted for Brexit it would mean interest rates would go up and no-one would be able to pay their mortgages.
You're not telling me that yet another of the pre-vote warnings was wrong are you?
Think of Brexit like the progression of a disease, and higher interest rates as a symptom of "advanced Brexit".
Firstly there is a an economic shock that will require interest rates to go down to prevent a "cardi(Brexit)ac arrest", in this phase the pound will go down and the economy will shrink as everyone gets poorer. Eventually sometime after Brexit the country will adjust to a post Brexit state of lower growth and higher interest rates as the pound loses its reserve currency status.I'm alright JackComment
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In truth do you think they will raise rates significantly just to shore up the value of Sterling?
There's going to be adjustment, that was always inevitable whichever way the vote went.
Personally I think the fallout from a Remain vote would have been rather nasty as the UK would have been labelled as the EU's new biotch and the currency seen as weakened, but that's purely speculation.
I doubt there will be a collapse in the long term value of Sterling as a result of Brexit and with the interest rates all over the planet being extremely low I can't see the UK rates being rammed up high unless inflation runs away and that looks extremely unlikely.Comment
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http://www.ft.com/cms/s/0/aefbbef6-5...#axzz4GNiAePk6
Waiting to see the Brexit pensioners die a painful deathComment
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I guess that's your one contribution to Society. You're unlikely to be a strain on the OAP services.Comment
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