Monday, January 7, 2008

Rate Cut Imminent

Is Britains economy heading for a perfect storm

The VI's are pulling all the tricks to put huge pressure on the MPC before this Thursday's meeting. With REALinflation, not the manufactured CPI running at well above the 2.1% rate set by the MPC what can we expect - well a rate cut ofcourse to try to save the faltering economy from the 'Perfect Storm'. Hopefully Darling can get those naughty people at NPower to reasses their price hike before Thursday too.

Posted by bystander @ 11:57 AM (845 views)
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5 thoughts on “Rate Cut Imminent

  • A work colleague is contemplating buying a house (I know) and spoke to an estate agent this morning. The agent, in trying to push their mortgage broker,
    mentioned that my colleague should “snap up a mortgage now”, as he “had some inside knowledge that interest rates were going down”.

    With this sort of TOTALLY WRONG “advice”, bordering on corrupt insider trading, there is no wonder the UK property market
    is in a total mess.

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  • ”Hopefully Darling can get those naughty people at NPower to reasses their price hike before Thursday too”

    The idiots at the BOE have now created an expectation that there are going to be a number of cuts. If they had kept their mouths shut, the VI’s would have just accepted it and not crowed so much.

    With regards to a prefect storm, I say ”bring it on” – everything has got very humid & sultry and the air needs to be cleaned.

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  • It would appear to me that most of the people I encounter on my daily business seem completley unaware of whats around the corner as far as the economy is concerned, if I mention anything about the present situation at best I’ll get a blank look in return.
    The man on the street so it would seem won’t notice until it affects him in a direct fashion.

    Rather frightening.

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  • @Mr Plumbase,
    I’m not really surprised. Most folks are so bloody half soaked, they only notice something is wrong after they have lost their jobs. Only then do their minds start connecting things together.

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  • hpw, prob explains the 24 hr drinker laws. What next, gladiators ? Oh no, it’s even dumber Big Brother
    or some other “celebrity” sh1te.

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