Interest Rate Cut coming

[joemcdokes]

Imagine thinking an interest rate cut is bad.

Spend, spend, spend.

 

[Hep]

If.
Now the question is why did you?

It's very hard to recruit, Brexit has made it harder

 

[monkeytassle]

Savings rates have getting cut over last few months which suggests banks are expecting it.

However the last 'experts' forcast I saw a few weeks ago, they were forcasting it to remain with a potential rise sometime next year.

Nah. They were all expecting hikes thil Thursday last week.

 

[the boot]

why are you pretending that there are only Tory/Brexit supports and exreme socialists? there is plenty of room in between those 2 things, which I think a large amount of people fall into

Not on this board.

 

[joemcdokes]

It's very hard to recruit, Brexit has made it harder

The uncertainty of it has got people rattled but that word if is a positive to me.

I’ve no idea how much it has an effect on you but hopefully the next year will bring prosperity and not heartache and those worriers on here can stop being so angry.

Good luck.

 

[ouro]

Imagine thinking an interest rate cut is bad.

It is if you have savings.

 

[Fletch]

Imagine thinking an interest rate cut is bad.

depends if you're a saver or a borrower i guess

 

[Deleted member 26533]

You missed a trick there mind mate. Should have said he was dead so I looked a right kernt.

Somebody already won the gold medal for that accolade in this thread, while everyone else was still in the starting blocks

 

[GordonMuchallNo1Fan]

Good news for those wanting a mortgage. Some excellent deals available.

 

[joemcdokes]

depends if you're a saver or a borrower i guess

It’s poetic justice for the remainers then, it’s all the oldies that have the money except when someone mentions them having to pay for something then they’re all vulnerable.

Ah bless.

 

[Fletch]

I it’s all the oldies that have the money

some would say its younger generation that have stupid levels of debt

 

[GordonMuchallNo1Fan]

some would say its younger generation that have stupid levels of debt

Because they have absolutely no concept of financial management.

 

[joemcdokes]

some would say its younger generation that have stupid levels of debt

Nice fat lips and arses as well.

 

[Deleted member 26533]

Because they have absolutely no concept of financial management.

More needs to be taught at school really in this respect. A sceptic would argue the system avoids it to entice certain people in to the vicious cycle of being in massive amounts of debt due to lack of money management skills.

 

[monkeytassle]

More needs to be taught at school really in this respect. A sceptic would argue the system avoids it to entice certain people in to the vicious cycle of being in massive amounts of debt due to lack of money management skills.

Domestic budgeting and compound interest should be somewhere in a gcse syllabus for sure.

 

[Fletch]

Because they have absolutely no concept of financial management.

Think a lot of younger people just expect nice things (car/house) on a plate and are happy to rack up large debts , not realising that in few years time if interest rates were to suddenly rise they would be in the shit

when we were younger regarding homes you would try work way up housing ladder , nowadays young couples want a new build 4 bed house as their first home and a nice car , crazy, its all on tic

 

[jackynutmeg]

Good news for those wanting a mortgage. Some excellent deals available.

mine is due in a month or two

 

[Butcher's Coat]

If only the USA hadn't crashed the worldwide economy in 2008.

Tidied for accuracy.

 

[Northern_chappy]

Fuck sake not again. Stop encouraging people to live outside their means and lets get house prices back under control.

 

[Boz33]

Good for the mortgages, shite for the savers