Jump to content
House Price Crash Forum
Sign in to follow this  
pod

Bearish Bbc News 24

Recommended Posts

The business news was just on and this is what they reported...

Spending on the high street down, so the chancellor will therefore have to raise taxes. Spending at its lowest for 12 years

Inflation is above the BOEs target of 2%, therefore interest rates will have to go up.

Inflation is above 2% targets because of higher oil prices.

That's all I can remember, but suffice to say it was all very bearish...

Share this post


Link to post
Share on other sites
Spending on the high street down, so the chancellor will therefore have to raise taxes.

Spending is down, so he'll raise taxes to reduce the amount of money we have available to spend? What a great idea!

Share this post


Link to post
Share on other sites
Guest struthitsruth
Spending is down, so he'll raise taxes to reduce the amount of money we have available to spend? What a great idea!

The lost VAT revenue has to be made up somewhere is my guess.

UK economy stormclouds are gathering apace.

Was there really a mention of IR rises then ?

Share this post


Link to post
Share on other sites
Spending is down, so he'll raise taxes to reduce the amount of money we have available to spend? What a great idea!

And so begins the vicious downward cycle we call recession.

As spending falls, taxes rise, spending falls, jobs are lost as no-one is buying, tax take falls, benefits rise, tax rates rise, spending falls, jobs are lost ad nauseum.

Share this post


Link to post
Share on other sites
Spending is down, so he'll raise taxes to reduce the amount of money we have available to spend? What a great idea!

I suspect what they actually meant was that growth is looking much lower than the chancellor predicted in his last budget, creating a budget shortfall.

This means either higher taxes or lower public spending.

Share this post


Link to post
Share on other sites
Was there really a mention of IR rises then ?

Yep!

They said as inflation is above BOEs target of 2%, due to higher oil prices, they could attempt to control inflation by raising interest rates...

Share this post


Link to post
Share on other sites
The business news was just on and this is what they reported...

Spending on the high street down, so the chancellor will therefore have to raise taxes. Spending at its lowest for 12 years

22 years

Yep!

They said as inflation is above BOEs target of 2%, due to higher oil prices, they could attempt to control inflation by raising interest rates...

The Fed have raised and the BoE have cut, unsuprisingly the pound is taking an absolute hammering, over a 2% drop in less than a week is not a steady fall by any means.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.