The Mudcat Café TM
Thread #117622 Message #2534863
Posted By: Lizzie Cornish 1
08-Jan-09 - 04:18 AM
Thread Name: BS: Printing more money UK What is that?
Subject: RE: BS: Printing more money UK What is that?
"..Before we get too excited though, this is unverified media hype at present and the government are denying it strongly. The timing of the story nicely coincides with the Bank of England monetary committee meeting today to discuss a further interest rate drop..."
I heard, on Monday, from both the Post Office and my bank, that the Bank of England were meeting that night to discuss interest rates. They'd heard that almost certainly a 1% drop was about to happen, possibly even 1 1/2%.
You have to laugh. You just have to, because to create 'negative savings' could only happen in the crazy times we're living in.
Seems to me that more people need to take off their shoes and socks and go back to counting on their toes, because we seem to have bankers and politicians who can no longer add up.
Average house price £250.000. Average wage, around £15,000 - £20,000