Thursday, August 7, 2008

The mans probably right, the UK economy is a one trick pony.

UK Interest Rates - Stick Or Twist?

"All bar one of the Sky News Money Panel, prominent figures in a range of professions across business and the City, believe the bank will hold rates. And most agree it would be right to - though one of the members, property expert Gary McCausland, says the rate should be slashed by more than 1%. McCausland, presenter of Five's "How to Be a Property Developer", said: "The economy and housing market need serious help to stem off a recession and limit a large scale property crash."

Posted by cheekie charlie @ 12:08 AM (512 views)
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3 thoughts on “The mans probably right, the UK economy is a one trick pony.

  • A rise in rates would get the pain over faster. However that requires a decision. I think we can safely say rates will remain unchanged.

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  • “property expert Gary McCausland, says the rate should be slashed by more than 1%. McCausland, presenter of Five’s “How to Be a Property Developer”

    …this VI doesn’t give a sh*t about the wider economy, only about his personal business interests and his D list celebrity status. As with Blanchflower his input should be ignored. Also, from what I remember he is from the Republic of Ireland and would benefit from the massive devaluation in sterling against the euro that such a drastic cut would induce. Allowing him to buy up more property in the crash, inevitable, from his rising worth in euros. Self serving B*st*rd.

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  • Sounds Like Gary “there won’t be a house price crash” McCaulsand may be in a pickle with his own property portfolio.

    Sounds like he now has real fear in his voice! I expect to see this spiv in a bankruptcy court near you any now. So this selfish little sh1te wants to sacrifice the whole economy to help support his property portfolio. I’m so chuffin sick of little [email protected] like this, vested inerests with a voice in the media, bleeting on about the market needing support. Where were all these people when the market was rising at more than 20% a year, effectively pricing us out of a home. I tell you where this git was, down in the west end of London, drinking champmagne in his and his brother’s nightclub with all the massive profits he’s made from the property boom.

    This man must be Thatcher’s love child!

    Unfortunately bystander this cretin was born in Belfast

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