Tuesday, April 15, 2008

have your say at bottom of page

Interest rate cut too little, too late?

Thursday’s cut in interest rates should come as some relief to hard-pressed borrowers, under the cosh from the credit squeeze which has seen lenders raise their rates, cut maximum loan-to-values and tighten lending criteria. Those on tracker rates – that mirror movements in the base rate – will, of course, see a reduction in the amount of interest they pay. Others, though, are at the mercy of their lenders.

Posted by mark @ 03:07 PM (645 views)
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One thought on “have your say at bottom of page

  • All the comments were posted before the CPI figure of 2.5% was released. We are clearly not suffering the same as the europeans, as we have low inflation due to our strong economic fundamentals and strong pound. Oh dear I seem to have been brainwashed and am now spouting total GB sh*te. reality check.. The Euro is at an all time high against the pound and dollar and nearly every other currency you’d care to mention, Germany, the european powerhouse is manufacturing Club Med out of trouble even though their exports are now more expensive (perhaps they build things properly and provide goods everyone needs/ wants), but they have high inflation, 3.5%. Whereas the UK has a pathetically weak currency (-20% against the Euro since August 2007), even against the dollar which is a joke, we have no major manufacturing and export nothing but finance and services, we import everything through or from Europe and our factory gate prices are the highest for 17 yrs, but our inflation is 2.5%, unmoved since February. Massaged and manufactured (one more thing the UK government does so well) figures. The lethargy of the sheeple in the UK astounds me, we used to be a great nation, but years of state dependency and political (in) correctness have removed all the backbone from the general public. Even the trade unions have been ‘unable’ to gain higher than inflation pay rises for their members, meaning they will in effect be paid less than they are now in the years ahead, as real inflation sky rockets. WAKE UP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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