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How Do They Know?

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A survey of people on 5 live this morning showing that 65% of people say they are worse off than this time last year.

But my main question is how do the media and economists know to be so confident of a cut. The decision is a vote similar to a jury. Even if you are innocent with a jury your not sure to be found innocent.

Some banks have even cut their lending rates already.

Is this just pressure on the BOE.

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The media and economists are so confident because the MPC are not making the decision, Gordon Clown is, and the media (or a sizeable part of it) are the mouthpiece of the government.

The fact that rates have gone down today, with inflation at its upper limit (and the MPC's reputed role was to control inflation), proves that they are about as independent from the government as a baby elephant is from its mother.

Why is there no elephant smiley on this forum?

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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