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He hasn't because interest rates are still way too high. He is still far too complacent. We need a 1% cut !!
Interest rates in Japan were cut to 0% and still banks would not lend, no one wanted/could afford to borrow and property fell 80%.
Sound familiar?
I like the fact that you believe cutting interest rates would suddenly bring us all back to the boom and people will start paying £500K for a bedsit in East London again.
Interest rates in Japan were cut to 0% and still banks would not lend, no one wanted/could afford to borrow and property fell 80%.
Sound familiar?
I like the fact that you believe cutting interest rates would suddenly bring us all back to the boom and people will start paying £500K for a bedsit in East London again.
And he believes the Tories are models of rectitude
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