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Digmyselfintoabiggerhole Of The Cbi

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Guest growl

DigMyselfIntoABiggerHole

'We are in a stable economy'

'1/4 drop will not effect savers that much but will effect borrowers greatly...it is good news.'

'BoE...clever people...doing a brilliant job'

'The rates can only go down now for the next six months'

IS THIS PRAT ON ACID! :angry:

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Similar to what I thought when I read an article in the telegraph this morning about the "credit bubble".

What consumer debt crisis? asks confident HBOS chief

Banking group HBOS yesterday dismissed fears that Britain is facing a consumer debt crisis and described conditions as "exceptionally benign".

James Crosby, chief executive, said that, while the bank believed bad debts would rise in the second half of the year, it would not pose a serious problem because the economy was set for "a soft landing" with only a brief period of slower growth.

He said: "If you look at previous credit cycles they have been accompanied by sharp rises in interest rates and big increases in unemployment. That hasn't happened this time. The cycle is exceptionally benign."

http://www.telegraph.co.uk/money/main.jhtm.../04/ixcity.html

===================================================

What are these guys on !!!!!!!!

:P:lol::P:lol::P:lol:

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Most profitable thing many UK manufacturers can do is shut up shop in the UK, sack their staff and sell off their land as "brownfield sites".

This process has quickened by promoting a land/asset boom. 1 million jobs later and the same faulty mindset is going to price out even more of the K manufacturing base.

Mind you ever since the CBI was formed that has been happening - it is just the rapidity that is astounding now.

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Most profitable thing many UK manufacturers can do is shut up shop in the UK, sack their staff and sell off their land as "brownfield sites".

This process has quickened by promoting a land/asset boom. 1 million jobs later and the same faulty mindset is going to price out even more of the K manufacturing base.

Mind you ever since the CBI was formed that has been happening - it is just the rapidity that is astounding now.

How about PFI'ing the UK to China via the IMF to clear all debts.

Small Print

Remember your home (the UK) can be repossessed if you do not keep up payments on it!

Mortgagee - the peoples rupublic of China and Britain

Edited by deano

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UK PLC IS SOUND, CMON BEARS!

1 UK business gone global so profits from less cost base (unlike the French say)

2 UK business benefiting from unprecidented global growth, and its only just begun

3 The UK plc brand is much trusted around the world, from China to Africa. In an uncertain often corrupt world, people like doing business with the Brits. Even the Japs cant run Banking properly.

4 Yes a lot of people are in unmanageable debt spirals, but they are still a minoirty and new Bankcruptcy rules offer them an easy 'fresh start'.

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UK PLC IS SOUND

Then why did the BoE have to cut rates from historically low levels to even lower levels? Why can't a 'sound economy' even manage to sustain a 4.75% interest rate?

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Then why did the BoE have to cut rates from historically low levels to even lower levels? Why can't a 'sound economy' even manage to sustain a 4.75% interest rate?

They dont want a property crash, thats why.

The overall prospects for UK are v good as manifested by the romp away SM.

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They dont want a property crash, thats why.

The overall prospects for UK are v good as manifested by the romp away SM.

Growth based on MEWing, people getting in debt and an increase in public sector jobs not worth the guardian adverts they are printed on. And now a desperate attempt to keep that growth going by lowering already low IR's. What have you been taking?

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  • 301 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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