| Bank of England cuts base rate to 4.75% (n/t) 12:15 - Nov 7 with 1954 views | Keno |
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| Bank of England cuts base rate to 4.75% (n/t) on 12:22 - Nov 7 with 1936 views | Dubtractor |
Boo. Rachel Reeves out!
Before anyone jumps in, I know the decision on interest rates in much more complex than tying it to the budget, but that hasn't stopped certain peeps from trying to blame every bad thing on the budget, so.... |  |
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| Bank of England cuts base rate to 4.75% (n/t) on 13:21 - Nov 7 with 1804 views | Zapers |
| Bank of England cuts base rate to 4.75% (n/t) on 12:22 - Nov 7 by Dubtractor |
Boo. Rachel Reeves out!
Before anyone jumps in, I know the decision on interest rates in much more complex than tying it to the budget, but that hasn't stopped certain peeps from trying to blame every bad thing on the budget, so.... |
It's way too early to make any judgement on an interest rate cut.
It's linked to inflation, and for the moment inflation is more under control.
For the moment. |  | | |
| Bank of England cuts base rate to 4.75% (n/t) on 13:26 - Nov 7 with 1777 views | OldFart71 |
So not only have Labour added to the costs to businesses but has also slowed the rate of cuts in interest rates as the BoE believe inflation will rise above the 2% that they are required to keep due to increased borrowing. Growth will slow due to goods being more expensive and the US putting import duties on goods. How they propose to increase the number of appointments in hospitals and surgeries I don't know. Due to Doctors and paramedics being used at surgeries who have come in from various regions costs are shooting up. It has been said some are getting £200,000 a year due to claiming more due to the fact that there is a shortage in many areas. I recently visited our local surgery where a prescription was given via a paramedic. Because it then had to be signed off by a doctor it was 2 hours before I received my prescription. It takes a person 5 years to be trained as a doctor and at least a further two if the specialise. Universities receive between one and two thousand applications for a medical course to be a doctor only around one hundred are taken on. So if you say five Universities available to do medical courses in this Country that's only 500 a year and 5 years to train. In the mean time there will be retirements so where Labours several thousands a week appointments will come from your guess is as good as mine. Harris in the US said she wanted people to know the truth, Badenoch has said similar for the Tories. Labour stated a black hole of 22 billion and said they weren't aware and yet those holding the information regarding the Country's finances said Labour had access to all the information before taking power. I'm not just having a go at Labour because as we know the Tories during the pandemic wasted billions, told us to do certain things that didn't apply to them and things didn't improve over a 14 year stint. | | | |
| Bank of England cuts base rate to 4.75% (n/t) on 13:29 - Nov 7 with 1751 views | reusersfreekicks |
| Bank of England cuts base rate to 4.75% (n/t) on 13:26 - Nov 7 by OldFart71 |
So not only have Labour added to the costs to businesses but has also slowed the rate of cuts in interest rates as the BoE believe inflation will rise above the 2% that they are required to keep due to increased borrowing. Growth will slow due to goods being more expensive and the US putting import duties on goods. How they propose to increase the number of appointments in hospitals and surgeries I don't know. Due to Doctors and paramedics being used at surgeries who have come in from various regions costs are shooting up. It has been said some are getting £200,000 a year due to claiming more due to the fact that there is a shortage in many areas. I recently visited our local surgery where a prescription was given via a paramedic. Because it then had to be signed off by a doctor it was 2 hours before I received my prescription. It takes a person 5 years to be trained as a doctor and at least a further two if the specialise. Universities receive between one and two thousand applications for a medical course to be a doctor only around one hundred are taken on. So if you say five Universities available to do medical courses in this Country that's only 500 a year and 5 years to train. In the mean time there will be retirements so where Labours several thousands a week appointments will come from your guess is as good as mine. Harris in the US said she wanted people to know the truth, Badenoch has said similar for the Tories. Labour stated a black hole of 22 billion and said they weren't aware and yet those holding the information regarding the Country's finances said Labour had access to all the information before taking power. I'm not just having a go at Labour because as we know the Tories during the pandemic wasted billions, told us to do certain things that didn't apply to them and things didn't improve over a 14 year stint. |
The "Enter" key starts a new para |  | | |
| Bank of England cuts base rate to 4.75% (n/t) on 13:46 - Nov 7 with 1677 views | stonojnr |
| Bank of England cuts base rate to 4.75% (n/t) on 12:22 - Nov 7 by Dubtractor |
Boo. Rachel Reeves out!
Before anyone jumps in, I know the decision on interest rates in much more complex than tying it to the budget, but that hasn't stopped certain peeps from trying to blame every bad thing on the budget, so.... |
Well don't read the BoEs announcement on the rate cut then as it specifically cited the budget will cause inflation and the costs of employment to rise. And that firms passing on those costs to customers will ensure interest rates are kept higher for longer.
Consequently the markets are now betting on fewer interest rate cuts next year. | | | |
| Bank of England cuts base rate to 4.75% (n/t) on 14:00 - Nov 7 with 1618 views | J2BLUE |
Boooooooooooo |  |
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| Bank of England cuts base rate to 4.75% (n/t) on 16:09 - Nov 7 with 1458 views | LeoMuff |
| Bank of England cuts base rate to 4.75% (n/t) on 13:21 - Nov 7 by Zapers |
It's way too early to make any judgement on an interest rate cut.
It's linked to inflation, and for the moment inflation is more under control.
For the moment. |
I wonder if that’s because you said it was going up this morning ? |  |
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| Bank of England cuts base rate to 4.75% (n/t) on 17:36 - Nov 7 with 1348 views | BlueBadger |
| Bank of England cuts base rate to 4.75% (n/t) on 16:09 - Nov 7 by LeoMuff |
I wonder if that’s because you said it was going up this morning ? |
LOL |  |
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| Bank of England cuts base rate to 4.75% (n/t) on 19:25 - Nov 7 with 1239 views | mikeybloo88 |
Nothing to cheer about...that’s £40 a month less interest on my savings |  | | |
| Bank of England cuts base rate to 4.75% (n/t) on 08:37 - Nov 8 with 971 views | Zapers |
| Bank of England cuts base rate to 4.75% (n/t) on 16:09 - Nov 7 by LeoMuff |
I wonder if that’s because you said it was going up this morning ? |
Just to correct you, I never said interest rates were going up, I was referring to government gilts.
Gilts fell because interest rates reduced, because inflation has dropped. This in my opinion is an unlikely scenario in the future. | | | |
| Bank of England cuts base rate to 4.75% (n/t) on 09:46 - Nov 8 with 887 views | Reus30 |
| Bank of England cuts base rate to 4.75% (n/t) on 19:25 - Nov 7 by mikeybloo88 |
Nothing to cheer about...that’s £40 a month less interest on my savings |
What are savings? |  | | |
| Bank of England cuts base rate to 4.75% (n/t) on 12:53 - Nov 8 with 752 views | LeoMuff |
| Bank of England cuts base rate to 4.75% (n/t) on 08:37 - Nov 8 by Zapers |
Just to correct you, I never said interest rates were going up, I was referring to government gilts.
Gilts fell because interest rates reduced, because inflation has dropped. This in my opinion is an unlikely scenario in the future. |
Sorry I misread - “ Likely hood is that interest rates could go up again, and of course that affects mortgages.” As you expected interest rates to rise ? | |
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