Free Money

[DaveB]

Near as dammit

Coronavirus: UK interest rates slashed again in emergency move - BBC News

0.1%

[Scoobos]

It's going to be even more free when the absolute unqualified numpties start printing it en-mass too.

[scooterscot]

Boris will be on the boob-tube soon enough telling us what a strong economy we have.

[GigiBronz]

think all this might lead to universal basic income... helicopter money and hyperinflation.
and the rich, not the ultra rich, the rich will finally hate to start doing productive work or find a new way of sponging on the masses.
Interesting times...

[scooterscot]

If only there was a new currency with no possibility of new unit creation and steady rate of deflation

[Lost It]

think all this might lead to universal basic income... helicopter money and hyperinflation.
and the rich, not the ultra rich, the rich will finally hate to start doing productive work or find a new way of sponging on the masses.
Interesting times...

That's what DWP Universal Credit is supposed to do. Give the bare minimum to exist on, then anything you earn has a sliding scale effect on how much UC support you get. IIRC I think for every squid you earn above what they define as minimum you lose 63p of UC so you are supposedly 37p better off once you earn over the threshold. Supposed to encourage people to get work as they will be better off.

[WTFH]

Time to pay off any debts you have. It ain't going to stay low forever.

[scooterscot]

Like how Bitcoin is surging on all this new money creation advertised by the central banks either side of the Atlantic.

[wattaj]

Time to pay off any debts you have. It ain't going to stay low forever.

^^ This.

Sound advice. Rarely heeded.

[Scoobos]

^^ This.

Sound advice. Rarely heeded.

I'm being daft here, but can you elaborate? Who's offering loans to the public at these rates ?