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House Price Crash Forum

CrashCrash

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About CrashCrash

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  1. Do you think just the poor can not afford? Most people can not afford if the are financially sensible
  2. http://news.bbc.co.uk/1/hi/business/5337242.stm UK inflation up to 2.5% in August Cash till The Bank has warned that inflation could eventually rise above 3% UK inflation accelerated to 2.5% in August, the fourth month in a row it has topped the government's 2% target. August's 2.5% Consumer Prices Index (CPI) figure from the Office for National Statistics was a slight increase on July's 2.4% level. Meanwhile, the headline RPI rate - which includes mortgage interest payments - rose to 3.4% from 3.3%. The latest figures will renew pressure on the Bank of England to raise interest rates, analysts said. Computer games The Bank of England last increased interest rates by a quarter of a percentage point to 4.75% in August. With the Bank's Monetary Policy Committee voting 6-1 to keep rates on hold in August, some analysts now expect a further rise in November. Last month, the Bank's governor, Mervyn King, warned there was a 50-50 chance that inflation would rise above 3% in the next six months, and a good chance it would rise above 3% over the next two years. The Office for National Statistics said an increase in the price of computer games and toys in August had outweighed a decline in petrol prices and air fares. August's 2.5% CPI figure is the same as in June, and is the joint highest since Labour entered government in 1997.
  3. http://business.timesonline.co.uk/article/...2340136,00.html " Now, however, the Bank faces a problem, arguably its most serious yet. There are doubts, not just about its ability to control inflation in future, but if it is under control now. Those doubts stem from scepticism about whether the consumer prices index (CPI), the Bank’s target inflation measure, accurately reflects people’s genuine experiences. This is a serious matter, as Bank insiders are aware. If people stop believing the inflation numbers, the credibility of monetary policy suffers. That could begin the slippery slope to economic anarchy "
  4. I do not think so, its all about sentiment and its turning for good (for Bears)
  5. look at it this way paying upfront rather than paying in Final salary pension. I am happy about it. By the way I do not work for PFI company
  6. will it include TUC president's salrays as well ?
  7. he is fixed on justify lower IR by any means possible. he is beyond repair :
  8. Partly ? cut the benefit, they will go looking for work
  9. if they want private sector salary ask them to work in private sector(if they can get the job)
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