It has been announced the bank of England have slashed 1.5% off the interest rates. Lowest interest rates since 1954. But talk is that lenders might not follow suit, would this help the normal people on the streets? Would offering a holiday period help people to ride this storm? As I believe so many people are at risk of losing their homes they could end up with a stock pile of homes that they can not give away. What are you views?
they have slashed 1.5% off the rate,because they want to encourage people to spend...but how can we do that if the lenders don't do the same,go figure!
the banks have "slashed " the interest rates? What about slashing my fuel bills? Or my Council tax, or my petrol bills? The ammount reduced will not really make a jot of a difference to me, or millions of others. The energy companies are taking us all for mugs, and a cut in interest rates may well help my business but...it could be too little too late for me and thousands of others. Horse bolted springs to mind.
I don't know about round your way but unleaded has dropped the largest amount in the shortest time than I can remember. From a peak of a few weeks ago to 92 pence the other day. It's shame the weekly shop hasn't come down by the same percentage though
I once wrote a song called "The Chancellor My Friend is Pissing In The Wind." Stolen by some Zimmerman geezer whilst I was in Nam well the rest is history. In essence this is the B of E under pressure from Govt taking a ridiculous action at the wrong point in the economic cycle. Tears before bedtime, mark my words. I dont blame the banks for ignoring such political shenanigans.
Quote by benrums0n I dont blame the banks for ignoring such political shenanigans.
They didn't ignore the offer of billions in tax payers money did they? typical half arsed gov't didn't bother to add in conditions as part of the loan to look after the people who's fekin money it was on the plus side, my building society seem to be quite good at passing on the cut as it's dropped by £100 in the last year
Anyone with a Tracker Mortgage this will help a ton.... I was working out how much i am going to save a month... at least 50 to 60 pounds..... the rest is going to depend on the banks themselves.... Lloyds have said they are going to pass this on in full... which is going to put pressure on the others to follow.....
its a massive help........I have a tracker morgage and will mean that my monthly outlay shound be down by over £100 !!! However this is not necessarily aimed at home owners but at business. At the moment people are holding back on new build projects. With money now as cheap as this, the idea is it will ignite movement and start business to invest in the future again. Good move...thou wish it had been taken earlier.
There are two sides to every coin... Those with investments as their main source of income or supplemental to it will find their investment nearly worthless.. as a result, they will pull their money out and place it elsewhere where it will pay.. certainly not in UK! Get your wheelbarrows ready.. this will be like Germany in the 30's recession where workers were taking their dosh home in wheelbarrows 'cos the DM was effectively worthless. Knees and jerk come to mind..
If Barclays follow Lloyds tsb then our mortgage will come down as we have a tracker. On the downside our mortgage is not massive so the saving will be quite small and as other members have said everything else is going up at an alarming rate so as usual given in 1 hand taken out of the other.
Quote by GnV There are two sides to every coin... Those with investments as their main source of income or supplemental to it will find their investment nearly worthless.. as a result, they will pull their money out and place it elsewhere where it will pay.. certainly not in UK! Get your wheelbarrows ready.. this will be like Germany in the 30's recession where workers were taking their dosh home in wheelbarrows 'cos the DM was effectively worthless. Knees and jerk come to mind..
no offence... spoken like someone who knows very little about ecomonics... the question is where are you going to put your money if you take it out.... Bank of England are now at 3%, the European Central Bank for the eurozone dropped there rates by half on a percent to %.... maybe that is why you are a little annoyed????? the Fed in the US dropped there by half last week, and are at 1%... japan are at 0.3%.... and even theres were at 0.5% last week if anything the UK are falling in line with everyone else....It was something that was going to happen... okay, the amount was a bit more than most were suggesting... but since they have actually been passive compared to most countries, I see nothing wrong with them being aggressive on this occasion....
Quote by flower411 So you reckon UK Ltd is a good place to invest then Fabio...
By property at auction in about six months time, let it out for a couple of years and then cash it in !! Gold plated investment ...can`t lose !! Thats what a gambler says just before everytime he loses....nothing is certain at the moment. The only property I would now buy is one abroad for when I retire. :lol:
Quote by flower411 So you reckon UK Ltd is a good place to invest then Fabio...
By property at auction in about six months time, let it out for a couple of years and then cash it in !! Gold plated investment ...can`t lose !! Thats ok if you have a stash of cash under the floor boards! But whos going to benifit from that? The buy and rent brigade!
Quote by GnV So you reckon UK Ltd is a good place to invest then Fabio...
as good a place as any.... why? where do you suggest that we invest? I hear a lot of complaining that there is a "problem"... but I don't hear a lot of suggestions of a "solution"... so please, what place are you wanting to invest in? last I read... it was a Global problem???
Quote by fabio So you reckon UK Ltd is a good place to invest then Fabio...
as good a place as any.... why? where do you suggest that we invest? I hear a lot of complaining that there is a "problem"... but I don't hear a lot of suggestions of a "solution"... so please, what place are you wanting to invest in? last I read... it was a Global problem??? Ooops, soo sorry.. I thought you were the one giving financial advice :?
Quote by flower411 So you reckon UK Ltd is a good place to invest then Fabio...
By property at auction in about six months time, let it out for a couple of years and then cash it in !! Gold plated investment ...can`t lose !! Thats what a gambler says just before everytime he loses....nothing is certain at the moment. The only property I would now buy is one abroad for when I retire. :lol: Well I bow to your superior knowledge :lol: Tell me which political party I have to vote for to break the boom and bust model that has been the mark of democracy for the last hundred years, and they can have my voteZANU-PF?
Quote by GnV So you reckon UK Ltd is a good place to invest then Fabio...
as good a place as any.... why? where do you suggest that we invest? I hear a lot of complaining that there is a "problem"... but I don't hear a lot of suggestions of a "solution"... so please, what place are you wanting to invest in? last I read... it was a Global problem??? Ooops, soo sorry.. I thought you were the one giving financial advice :? errmmmm..... no... and at which point was I given out "financial advice".... jeez.... talk about word twisting.... you were the one who was scaremongering comparing it to 1930's germany, if you want to have a proper economic discussion I am more than happy to do that, It would be interesting to say the least I just pointed out that the rates in the UK are the same or higher than most other places in the world..... so you asked if I though that "UK ltd" was a good place to invest, and I said it is as good as any other at this point in time... so I'll ask again... if you don't think that "UK ltd" is a good place to invest at the moment, then please tell me where? it is a genuine question..... because at the point in time the ecomonic climate doesn't seem to be good in many places at the moment...
The real winners in the recent rate cuts are the banks Not only are they whinging about including clauses that will ensure share dividends to be payed out with our tax money they also benefit from cheaper money on the interbank lending rates. So while they still making money & being propped up by you & me I still feel like I'm being bent over & shafted! yes I have two mortgages & I will have more money in my pocket I feel this is just a smoke screen. We need far more than just money in our pockets for xmas prezzies A recession needs the big cogs in the economy to mesh together & moving in one direction... not sit back & screw money out of the poor punters it claims to serve! As for the twat utility companies I urge each & everyone of you to take a meter reading & send in the info! My Gas & Electric meters are indoors & as I work I am not able to let them in to take readings. As a result the usage for my property has been overestimated by a whopping 920 quid! :shock: WTF? I'm still waiting for my cheque via snail mail
Quote by fabio So you reckon UK Ltd is a good place to invest then Fabio...
as good a place as any.... why? where do you suggest that we invest? I hear a lot of complaining that there is a "problem"... but I don't hear a lot of suggestions of a "solution"... so please, what place are you wanting to invest in? last I read... it was a Global problem??? Ooops, soo sorry.. I thought you were the one giving financial advice :? errmmmm..... no... and at which point was I given out "financial advice".... jeez.... talk about word twisting.... you were the one who was scaremongering comparing it to 1930's germany, if you want to have a proper economic discussion I am more than happy to do that, It would be interesting to say the least I just pointed out that the rates in the UK are the same or higher than most other places in the world..... so you asked if I though that "UK ltd" was a good place to invest, and I said it is as good as any other at this point in time... so I'll ask again... if you don't think that "UK ltd" is a good place to invest at the moment, then please tell me where? it is a genuine question..... because at the point in time the ecomonic climate doesn't seem to be good in many places at the moment... and that's not giving financial advice :? :? :? :dunno:
Quote by flower411 So you reckon UK Ltd is a good place to invest then Fabio...
By property at auction in about six months time, let it out for a couple of years and then cash it in !! Gold plated investment ...can`t lose !! Thats what a gambler says just before everytime he loses....nothing is certain at the moment. The only property I would now buy is one abroad for when I retire. :lol: Well I bow to your superior knowledge :lol: Tell me which political party I have to vote for to break the boom and bust model that has been the mark of democracy for the last hundred years, and they can have my vote Not superior at all Flower, just my opinion. :lol: When you have lost a preperty before, things are never quite as easy sometimes.
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