Monday, Aug 20, 2007
Unbiased BBC editors still insisting everything is fine in the UK
BBC "News": Mortgage lending still 'robust'
The BBC Property section editors, known for their unbiased, fearless and untiring dedication to quality, strictly factual reporting, have changed their source this time (no doubt because their usual cheerleaders aren't towing the official "everything's fine" line).
Posted by paul @ 12:16 PM (1029 views) Add Comment
9 Comments
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1. Nmarks said...
Now they wouldn't be shills, would they?
2. ontheotherhand said...
Well since the amount borrowed is even more than last year, interest rates clearly need to go higher still before they have the necessary effect. 6% soon?
3. harold said...
Does this include MEW?
4. george monsoon said...
Does this include spin doctor edited b@ll@cks, designed to protect the shareholders interests?
Well I hope Mervyn and his troops are reading this material, because it looks like those interest rate rises had no effect at all. Time to push it a full 1% I think.
5. doomwatch said...
Wonder who the editor is, and if he's got a "property portfolio". I'm guessing he has.
6. bidin'matime said...
There is an acknowledgement in there that people are, in effect, simply 'filling their pockets with cash' while they can, in the belief that rates may go higher - better to have a 2 year fix and a spare £10k or so in the bank than see the rate go up and find you've got no spare cash to pay it. Worry about repaying it another day. (I remember advising people of that very strategy - and adopting it myself - during the 1980's boom...)
7. Scott said...
Coming from the organisation that rigged comic relief, this is not to be taken as sound news. Al-Jazeera and the Onion are more reliable news sources these days.
8. Fgrech said...
The BBC has a problem understanding ecomonics , one day reporting that our pensions are in the black , when the foostie is up to record levels and when it drops 800 points, because of the market turmoil , how quickly reports and claim can change along with the atmosphere of business here , in the UK.
9. Orwell said...
All is well in the land of Pravda.