Thursday, August 3, 2006

Birmingham Chamber of Commerce urging people not to panic!

No need to panic if rates increase

Mounting speculation that the Monetary Policy Committee (MPC) of the Bank of England will tomorrow raise interest rates has prompted Birmingham Chamber of Commerce and Industry (BCI) to put out a 'don't panic' plea.

Posted by webmaster @ 09:50 AM (490 views)
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7 thoughts on “Birmingham Chamber of Commerce urging people not to panic!

  • One word sums that up – pathetic.

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  • Look at that twisted headline. They are asking BOE to not panic at inflationary data and raise the rates. But the headline says ‘dont panic if rates raise’ implying for the businesses/consumers.

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  • “it should not make a knee-jerk reaction to inflationary pressure ”

    Hardly knee jerk – it should have raised rates a long time ago.

    “There still appears to be spare capacity in the economy and wage demands remain subdued”

    So as long as Joe Public is happier getting poorer and poorer with prices going up and up and wages staying static, then everyone’s happy.

    ?

    Time to join a union.

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  • waitingfor hpc says:

    point is we have all be getting richer for ten years… time to join the real world.

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  • The Bald Man says:

    We have been borrowing from the future for the last 10 years. Government wasted spending has been financed by borrowing against our housing stock. I believe the party is ending.

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  • Time To Raise Petrol Prices says:

    But if the plebeians can’t pay their debts, only the banks can pick up the tab in the end…

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  • Bubbles. . . says:

    Banks take a risk… lending money in the first place….But MIG fees Mortgage indemnity Guarantees protect them that the avergae mortgage owner pays for….Wow I wouldnt like to be that insurrance company when or as it is repos take a big lift off!!!! Oh sorry actually they go after the person who took out the mortgage in the first place to try and recover their money they have had to pay out to the bank…..oops…OMG melt down whats going to happen to the IVA’s/…Still at home but I may move out when prices go down:)glad im not an EA….

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