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Guest The_Oldie

BOE Lowers Interest Rates Amid Fears Of Recession.

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Guest The_Oldie

It looks to me like the the way that the television news channels are reporting the rate cut this evening is likely to have the opposite effect on confidence than the VIs hoped for.....Slowdown in the housing market......Slowdown in highstreet spending......Manufacturing in recession.....economy on the turn, it is drawing attention to the economic slowdown in a way that has been carefully masked up 'till now.

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It looks to me like the the way that the television news channels are reporting the rate cut this evening is likely to have the opposite effect on confidence than the VIs hoped for.....Slowdown in the housing market......Slowdown in highstreet spending......Manufacturing in recession.....economy on the turn, it is drawing attention to the economic slowdown in a way that has been carefully masked up 'till now.

Agreed, The economic slowdown is definitely under way and since interest rates are still very low a slight decrease will make no difference at all.

In fact outright owners, and renters will be unaffected by this interest rate cut. I certainly wont be rushing out to spend money. Any one with sense will keep saving and trying to build up capital.

In fact this could create more problems in the future as taxation and fuel will undoubtedly increase and people with large debts will struggle even more.

A friend of mine rents a flat and is now moaning about the amount of money he has to keep spending on it in maintenance as his own house also needs money spending on it. The rent is barely covering the mortgage so he feels it is a millstone around his neck.

Edited by numbersix

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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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