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Common Misinformation On The 2 Most Important Economical Indicators

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There's an article on the BBC website about mortgages, bla, bla, bla. It's one of the many articles with 'advice' for homeowners.

http://news.bbc.co.uk/1/hi/business/7300430.stm

There's only one thing I don't get here. Every one of such articles has the 'The Bank of England is expected to cut interest rates further in 2008' sentence attached to it. Every commentator on the TV when they talk about mortgage-related issues always adds: 'Well, the Bank of England is expected to cut interest rates further in 2008'.

Where do they get this idea from??? Surely as a public broadcaster they should inform their viewers about objective facts, not their wishes or wishful thinking, etc. But even if the Bank of England cuts the interest rates - do they really believe that these will benefit normal people?

The same happens to inflation figures. We all see the inflation as it is, yet every time we see a talking head on the TV they nod and keep saying: it's only 2.2%... and they add but the Bank of England is expected to cut interest rates further in 2008.

The sad thing is, the public doesn't question that at all. They just nod and beg for an interest rates cut, which won't do them any good in these circumstances. They actually should beg for higher interest rates and lower inflation.

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  • 297 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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