Interest rate in 2008/2009

[NoddY]

It's over. The 2001-2007 House Price Bubble was the last gasp from dying Britain. Once peak debt is over there will be nothing to compete against China's authoritarian capitalism.

[AtW]

If only the banks wanted to lower interest rates

They want it, but they don't have it, though they might be tempted to borrow from USA now using their low interest rates and then invest into UK/eurozone also making money on the fact that dollar depreciates.

All that instead of investing into real industry that could compete with China: better tell your kids to learn Mandarin.

[DimPrawn]

Sheer genius, innit?

Perpetual Money Machine ™

[Bagpuss]

If only the banks wanted to lower interest rates

[sasguru]

Making houses look very cheap, and pushing the UK house prices into the stratosphere, fuelling BTL frenzy, causing a shortage of homes for FTB's, pushing up house prices.....

Sheer genius, innit?

[DimPrawn]

The BofE will allow inflation to rise and will cut rates...serves the purposes of eroding debt faster.
It's a win-win. Boomed I tell yer ...

Making houses look very cheap, and pushing the UK house prices into the stratosphere, fuelling BTL frenzy, causing a shortage of homes for FTB's, pushing up house prices.....

[sasguru]

The BofE will allow inflation to rise and will cut rates...serves the purposes of eroding debt faster.
It's a win-win. Boomed I tell yer ...

[DimPrawn]

Time to vote.