Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
So, there's a load of heavy s*** on the horizon because we are in too much debt, and yet all the political commentators are advocating we drop interest rates and make borrowing easier!
The Bank is not responsible for propping up the house market, its brief was to set rates to curb inflation, and inflation is rising.
The BoE is in real trouble. Even the fake (as we all know) official inflation figure is too high. The real inflation figure is probably in 2 figures. So really they should increase rates. But the economy is on the verge of a cliff, so the pressure is to cut.
We are in a real risk of stagflation - poor or no growth and high inflation, like the 70s.
The BoE is in real trouble. Even the fake (as we all know) official inflation figure is too high. The real inflation figure is probably in 2 figures. So really they should increase rates. But the economy is on the verge of a cliff, so the pressure is to cut.
We are in a real risk of stagflation - poor or no growth and high inflation, like the 70s.
there is a big difference between inflation for lower/middle/upper class.
in the 1980's recession there was a big north/south economy divide and there were calls for a northern pound and southern pound.
maybe we now need a lower/middle/upper class pound?
The BoE is in real trouble. Even the fake (as we all know) official inflation figure is too high. The real inflation figure is probably in 2 figures. So really they should increase rates. But the economy is on the verge of a cliff, so the pressure is to cut.
We are in a real risk of stagflation - poor or no growth and high inflation, like the 70s.
Comment