| Question about interest rates etc 13:01 - Sep 27 with 702 views | FrimleyBlue |
How does the bank increasing interest rates and therefore mortgage figures etc help people to spend money.. won't it just make more people lose more of their money each month? |  |
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| Question about interest rates etc on 13:03 - Sep 27 with 682 views | hype313 |
It's not there to help people, it's there to try and stem Tory induced inflation. |  |
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| Question about interest rates etc on 13:04 - Sep 27 with 675 views | clive_baker |
It's meant to have the opposite effect, it's designed to make borrowing more expensive and suppress consumer spending, in turn reducing inflation.
Of course that only works if inflation is driven by excess demand, which it isn't.
So it's a complete load of b0llocks and will only mean people are skint, economies suffer and unemployment will rise.
BUT, what it will do, is it will at least give us a lever to encourage it back in a couple of years. I think that's why rates are going up, we know the economy is toast anyway and we at least have somewhere to go down from if interest rates rise now. |  |
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| Question about interest rates etc on 13:04 - Sep 27 with 673 views | DinDjarin |
Its all back to front as people may be 75 quid a month better off from the tax cuts but when your mortgage could go up 100s a month then there is a flaw in their plan. Muppets.
And the pound being as weak as it is only adds further pressure as most imports are calculated in euros or dollars. That's why we are not seeing any gain on the recent drop in oil prices as we buy it priced in dollars. [Post edited 27 Sep 2022 13:07]
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| Question about interest rates etc on 16:47 - Sep 27 with 528 views | Pinewoodblue |
While Government has it's foot on the accelerator, and is trying to increase spending, the bank of England is using the brake pedal to try and slow the economy. |  |
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| Question about interest rates etc on 17:15 - Sep 27 with 485 views | HARRY10 |
| Question about interest rates etc on 16:47 - Sep 27 by Pinewoodblue |
While Government has it's foot on the accelerator, and is trying to increase spending, the bank of England is using the brake pedal to try and slow the economy. |
err, I think not
A few billion here or there which is what the cuts amount to is not going to increase spending. This is about the stake not being driven through the rotten heart of the swivel eyed re brexit.
Risen from the grave we are witnessing the most recent form of reduce burdens on business (cut regulation) and business will grow). This is what the Tory government have been doing for the past 12 years - austerity. However they came up against the EU who recognised that a race to the bottom served no ones long term interests, hence the various protects in place.
The Tory response was leave the EU. However the blindingly obvious flaw in this 'cunning plan' was business will not locate to where the infrastructure is not up to it and there are not the levles of trained workforce needed. Hence the lack of growth over the past decade.
Tory governments relied upon imported foreign health staff. Thought cutting back on training and trying to run schools on the cheap (so called'free'schools) would be OK. It is not, The Uk lacks the skilled workers needed. Lacks the ability of free movement with it's own county boundaries through a rigged housing market.
It is the reduction in corporate tax and various cuts to long term planning that is the real intent. Run the state as cheaply as possible, meaning lower tax to business and it will grow. In short term low wage jobs. Evans ran our club into the ground, to what end ? The Tories have done the same.
Whether this jolt after Friday will be enough to halt them I don't know, but it will not stop the fanaticism that underpins what they are doing.
Much like the 'werewolves' in post 1945 Germany. |  | | |
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