Grim news

[PAH]

Inflation will peak at 5pc in the next few months before falling back at the end of the year and dropping below the 2pc target in 2013 if rates rise in line with market forecasts, the Bank’s Inflation Report showed.

If you believe the tulipe spouted by the BofE you are a class one cretin!

Have a look at this graph for their recent predictions on inflation. See a theme?

Bank has ‘failed’ over inflation | TAWNET

[shaunbhoy]

If you believe the tulipe spouted by the BofE you are a class one cretin!

In AtW's case, that is a "check!".

[AtW]

What do you care? You don't believe in borrowing money so why should you benefit from those who do?

I care because I get fook all interest on my savings account and inflation is rampart, whilst at the same time people who got in debt that they could not manage enjoy lowest payments they could never wished for. How is that fair?

[AtW]

If you believe the tulipe spouted by the BofE you are a class one cretin!

These were not my words (they are from the article), and I never said I believe them.

[shaunbhoy]

I care because I get fook all interest on my savings account and inflation is rampart, whilst at the same time people who got in debt that they could not manage enjoy lowest payments they could never wished for. How is that fair?

Which idiot ever proclaimed that it was meant to be "fair"?

Oh that's right................Gordon Brown.

[scooterscot]

Grim outlook from Bank of England: rates static till 2013

This is excellent news.

My BTL @ 0.49% + base allows me to borrow money at a cheaper rate than the bank's inter lending rate.

Do to them as they'd do to you. Bend over chaps and take one for the team

[shaunbhoy]

This is excellent news.

My BTL @ 0.49% + base allows me to borrow money at a cheaper rate than the bank's inter lending rate.

Do to them as they'd do to you. Bend over chaps and take one for the team

And if you are ever feeling the pinch simply put up the rent. Simples!!

[scooterscot]

And if you are ever feeling the pinch simply put up the rent. Simples!!

Did this last week.

Old tenant moving out. So I put the rent up another £50, gone within a week. £650 PCM for a 1 bed in Glasgae, who'd have thought. When I was a lad that would been a whole house and more.

[AtW]

Which idiot ever proclaimed that it was meant to be "fair"?

I rarely use word "fair", in this context a better word would have been "smart" - current policy isn't smart, very cynical and ultimately will cost more than quick crash of real estate market that should have happened in 2009, we'd be in proper recovery by now.

[shaunbhoy]

in this context a better word would have been "smart" - current policy isn't smart

So a "smart" policy would be one that sees a huge chunk of the working population have their homes and possessions repossessed in order that cash-hoarding immigrant chancers like you can get on the property ladder without any real sacrifice?