Thursday, Aug 03, 2006

UK rates 'to hold steady at 4.5%'

BBC News: UK rates 'to hold steady at 4.5%'

Deceived a little by the title? Yes, so was I. The BBC thinks that if it shouts hard enough, it might just come true. Someone should tell them that they are not Fox News. I laughed when I heard Breakfast News exclaim "the price we pay for borrowing may go up today". No mention of increased savings returns then ... ?

Posted by paul @ 09:18 AM (582 views)
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13 Comments

1. Thesqueeze said...

I was so disgusted by the headline I am made a complaint, this is taking it too far. I pay license money for this crap.

Thursday, August 3, 2006 10:12AM Report Comment
 

2. paul said...

The strategy will be that if they hold rates, the BBC will pat themselves on the back.

If the BofE raise rates, the BBC will publish something like "Shock rate rise! Markets in turmoil" and send out reporters to try to find some evidence of widespread panic in the markets.

The BBC are self-interested market shills.

Thursday, August 3, 2006 10:13AM Report Comment
 

3. harold said...

I wonder if the markets are anticipating a rise (well, at this present moment in time anyhow):

http://newsvote.bbc.co.uk/2/shared/fds/hi/business/market_data/stockmarket/3/default.stm

Thursday, August 3, 2006 10:21AM Report Comment
 

4. denzil said...

harold said:
>> wonder if the markets are anticipating a rise

Harold, I was wondering the same thing. It's either the markets know something the public dont or they are simply reacting to the drum beat of IR rises which are steadily getting louder.

Thursday, August 3, 2006 11:31AM Report Comment
 

5. paul said...

HAHA.

They've changed the headline!

http://news.bbc.co.uk/1/hi/business/5240770.stm

Thursday, August 3, 2006 11:58AM Report Comment
 

6. Time To Raise Petrol Prices said...

HAHAHAHAHAHAHA!

Another nail in the coffin of debt-riddled Britain - base rate goes up, and due to the global nature of inflation, no doubt more to follow.

Thursday, August 3, 2006 12:09PM Report Comment
 

7. sebastian said...

How dodgy is that with the headline change..shocking.

Thursday, August 3, 2006 01:02PM Report Comment
 

8. bidin'matime said...

I think they must have pulled the article, cos the link isn't working...
(Rule #1 in public service - if you get it wrong, start by destroying the evidence...)

Thursday, August 3, 2006 01:37PM Report Comment
 

9. inbreda said...

The Beeb hasn't been the same since the government prevented them from being an independent news source post Gilligan and the dodgy dossier scandal.

Don't blame the BBC it's the New Labour (/fascist tendencies) government that's brought this about.

And lazy journalists of course.

Thursday, August 3, 2006 01:39PM Report Comment
 

10. sebastian said...

http://news.bbc.co.uk/1/hi/business/5240770.stm

Article is fine, too many slashes in the original link.

Thursday, August 3, 2006 02:39PM Report Comment
 

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