interestrateripoff Posted June 29, 2011 Share Posted June 29, 2011 True. King has sent some quite direct and public messages to Union bosses, like: "If wages start to rise I'll be forced to raise the base rate / mortgages will go up". And it seems to be working. And if you do nothing I'll let inflation rip and you won't be able to pay your mortgage as you won't have a job. Quote Link to comment Share on other sites More sharing options...
retz Posted June 29, 2011 Share Posted June 29, 2011 Nah he wasn't. I saw him on television at Wimbledon, centre court. Sitting at the back and old Georgey Boy Osbourne sitting at the front (they aren't talking at the mo it seems). I liked what the commentator said "I bet they didn't have to queue!" Quote Link to comment Share on other sites More sharing options...
South Lorne Posted June 29, 2011 Share Posted June 29, 2011 Shame Britain makes most of it's money out of financial services. ...we make most of our losses out of financial services....the bank rescues of 2007 and if Greece finally goes down the sector's failure will decimate us.... Quote Link to comment Share on other sites More sharing options...
inflating Posted June 29, 2011 Share Posted June 29, 2011 Every time King says something, I have to pinch myself at how standards have dropped. Seems the best brains left the UK decades ago Quote Link to comment Share on other sites More sharing options...
Xurbia Posted June 29, 2011 Share Posted June 29, 2011 http://www.dailymail.co.uk/news/article-2009374/No-rate-rises-unemployment-drops-economy-grows-says-Mervyn-King.html So interest rates aren't going to go up until unemployment gets better, but inflation destroys jobs... It's shocking. I'm surprised Sterling hasn't tumbled on King's statement. The BoE are just another directionless bunch of parasites. Their idiotic policies are desperate measures to prevent a housing bust. They don't care about anything else. King reckons that lenders won't raise rates if the BoE raises the base rate! This guy is deluded. If that's the case he can raise the base rate to 6%, where it should be, and help out the savers. Britain's banks are heavily exposed to the Greek banks. House sales are at an all time low. Unemployment is rising. Sounds like another round of QE to me. Quote Link to comment Share on other sites More sharing options...
billybong Posted June 30, 2011 Share Posted June 30, 2011 (edited) Nah he wasn't. I saw him on television at Wimbledon, centre court. Sitting at the back and old Georgey Boy Osbourne sitting at the front (they aren't talking at the mo it seems). I liked what the commentator said "I bet they didn't have to queue!" And I'll bet they didn't have to pay either. Another taxpayer funded jolly. Edited June 30, 2011 by billybong Quote Link to comment Share on other sites More sharing options...
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