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Saving For a Space Ship

Can the Bank get Britain to kick its cheap credit habit?

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  Can the Bank get Britain to kick its cheap credit habit?    https://www.theguardian.com/business/2017/jul/01/britain-cheap-credit-habit-regulator-bank-of-england

Things must be bad for the VI's, if even Ray Boulger is knocking low IR's !

Quote

Ray Boulger of mortgage adviser John Charcol says: “The longer you have low rates, the more people get used to them and the harder it is to change policy.”

 

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Why kick a habit that feeds government monkeys, the nuts they need...

The double whammy is that consumers are not burning credit and businesses are not expanding....

Thats a tough one for Mr Speadsheet!

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