An apology Lord Mervyn King

[Paddy]

Just sold two houses in the last 24 hours since this news, 20% markup on purchase price a few years ago, boomed!

[sasguru]

It's a shame LibLabCon know nothing about this.

They do. CMD is constantly extolling the German way as is the Labour ponce.
Thing is you can't change the lazy culture of a country.

[sasguru]

One apartment, one house.

Did you sell them on ebay? I hope you replaced them or your kid will be cross.

[AtW]

It clearly states that they will only be reconsidered when unemployment drops to 7% (so may still be held at that point)

So all the Govt needs to do is to keep sacking public servants to keep unemployment rate above 7% - that's joined up thinking for you - working in tandem with Bank of England to revive British cconomy

[amcdonald]

They do. CMD is constantly extolling the German way as is the Labour ponce.
Thing is you can't change the lazy culture of a country.

At least they're trying by making benefits less lucrative

[scooterscot]

Well done you!! Did not think anyone would get that.

[Ticktock]

So all the Govt needs to do is to keep sacking public servants to keep unemployment rate above 7% - that's joined up thinking for you - working in tandem with Bank of England to revive British cconomy

Nope - they don't even need to do that. The commitment is that when unemployment drops to 7% then they will reconsider interest rates - not neccessarily change them. So we could drop to 3% unemployment, and they could still say "We're not raising rates yet". Basically, unless something drastic happens to inflation then the rates are staying low - bury yourselves in debt quickly! After all, the worst that will happen is that if rates go up and you find you can't afford to pay it back you can just blame the banks for lending it to you - it's their fault, not yours.

[doodab]

Right then. I'm off to load up my credit cards in the gadget shop.