Thursday, Jul 09, 2009

Interest rates on hold

Times Online: Latest:Bank holds rate to pause in fight against slump

The Bank held interest rates again at their existing 315-year low of 0.5 per cent ...bla,bla,bla. This is to encourage the sheeple to go out and spend money they don't have. It is likely to be on exports, as we don't make anything anymore!

Posted by tim miller @ 12:17 PM (618 views) Add Comment

3 Comments

1. george monsoon said...

Thursday, July 9, 2009 02:39PM Report Comment
 

2. Robh said...

We make raincoats

It's quite good fun trying to buy British. Hard to separate out things genuinely 'made' in Britain though rather than finished or packed

Try some British wine too!

Some things are expensive, but it's worth remembering that people working in the UK need to pay UK house prices!

Thursday, July 9, 2009 05:41PM Report Comment
 

3. inbreda said...

I think RobH has just found yet a nother reason why house prices need to come down

Friday, July 10, 2009 09:21AM Report Comment
 

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