Bank of England interest rates- down they go again!

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    Another rates cut!!!

    WHY WHY WHY WHY WHY does the GVT continue to F*** things up for everyone!

    okay another rates cut, so instantly im getting paid bugger all on my savings, and yet credit facility interest stays the same or goes up!! what a complete waste of time way to punish those who haven't been stupid enough to enter into a complex financial agreement or taken gotten involved in credit default swaps AAAAGGGGHH

    the banks are never going to lend the cash that the govt (US) have given them because the business's that need the cash are seen as a big risk because the money has been given to the banks and not the small business's!!!! its a vicious cycle.

    they keep telling us they cant let the banks fail, okay so not all of them but bloody RBS they can, they employ what? around 170,000 people, give it 6 months when we have NO high street, NO manufacturing, NO industry, NO services and they will realise they should have just let RBS go bust and risen a proper small mutual bank from the ashes along the lines of Nationwide. The US should do the same thing for AIG, how much more cash can they continue to chuck into it, it will be endless and for what end?

    The only way to get out of it, it to actually give us, as a big bunch of consumers some cold hard cash, we all might aswell spend it as interest is so crap theres no point in saving it. High St Vouchers or food vouchers or cash to scrap your old car and money towards a new one like in Germany SOMETHING FOR CONSUMERS AND NOT BLOODY BANKS!

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      So, from a slight hint in your post, do we take it that you're not wildly enthusiastic then?
      JEFFREY SHAW, solicitor [and Topic Expert], Nether Edge Law*
      1. Public advice is believed accurate, but I accept no legal responsibility except to direct-paying private clients.
      2. Telephone advice: see http://www.landlordzone.co.uk/forums/showthread.php?t=34638.
      3. For paid advice about conveyancing/leaseholds/L&T, contact me* and become a private client.
      4. *- Contact info: click on my name (blue-highlight link).

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        0.5%.....god help the savers!

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          And they're going to print money! I wonder if I could learn how to print money, every time I get in trouble

          Comment


            mildly so.

            of course being english I will just complain and whine on here and send a few angry emails and then make myself some tea and watch deal or no deal.

            Comment


              Originally posted by Izzycam View Post
              And they're going to print money! I wonder if I could learn how to print money, every time I get in trouble
              No, of course they're not. They told us that it's just a bit of 'Quantative Easing'- so that's alright, then, is it?
              JEFFREY SHAW, solicitor [and Topic Expert], Nether Edge Law*
              1. Public advice is believed accurate, but I accept no legal responsibility except to direct-paying private clients.
              2. Telephone advice: see http://www.landlordzone.co.uk/forums/showthread.php?t=34638.
              3. For paid advice about conveyancing/leaseholds/L&T, contact me* and become a private client.
              4. *- Contact info: click on my name (blue-highlight link).

              Comment


                Originally posted by Izzycam View Post
                And they're going to print money! I wonder if I could learn how to print money, every time I get in trouble
                Just go North of the Border you can knock out any old notes to pass off as fivers
                My views and posts are based on my opinion and any advice given is just that, advice. If you decide to act on any advice given it is with the full knowledge that I am not perfect and anything I say could be wrong!

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                  Originally posted by Izzycam View Post
                  My guess is a 0.5% drop.
                  It doesn't seem to be making any difference whatever the rate is for buy to let mortgages.
                  The relationship between the official rate and commercial rates have completley broken down.
                  Careful Izzy, have you any idea just what could happen to you if the thought police pick up on this ?

                  Before the end of your potential upcoming lecture(!) this thought will have manifested itself into millions of pounds of counterfeit cash, which you will be imprisoned for a very long time for, and to suggest such a thing on a public forum ?
                  Are you mad ?
                  The arrest squad is no doubt already on it's way
                  A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.
                  W.Churchill

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                    The mood I'm in today, I couldn't give a monkey's,

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