Friday, Dec 22, 2006

Growth of economyt - IR rise in New Year inevitable?

Guardian: Further rate rises feared as economy races ahead

Spending in UK economy grew at fastest rate for two years in third quarter, and house prices kept buoyant by city bonuses. Ananlysts predict IR hike in New Year.

Posted by jellycaster @ 10:51 AM (539 views)
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3 Comments

1. iguana said...

I know that the Grauniad has something of a reputation for spelling mistakes, but they have surpassed themselves now, how can 'inflation' become 'growth'?
Perhaps it was intentional to alay fear during the festive period.

Friday, December 22, 2006 08:29PM Report Comment
 

2. sirgoogle said...

From this article - there can be no excuses from the BoE for not raising IRs in the new year.

Those rich greedy ba%794ds in the City will trigger a HPC and recession that will hurt everyone. I hope to see some jumping when the crash comes. Those huge payouts should have gone to pay the people whose money they are actually playing with. They cream off so much that the growth on savings given back to saversand investors barely covers inflation - and into the bargain also prolong and extend the houseprice bubble by spending their ill-gotten gains on property.

Come the revolution - they will taste the steel of the angry mob. They will get their come-uppance.

The gap between rich and poor is getting too great for something not to happen. And to think that the seeds for this were set during a Labour Govt !!

Saturday, December 23, 2006 06:37PM Report Comment
 

3. Caledonianemigre said...

Hear, hear Sirgoogle ... my sentiments exactly.
At the moment it is one Britain for the bankers and one Britain for the serfs

Sunday, December 24, 2006 10:28AM Report Comment
 

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