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Uk rates cut by 25bp

Consumers stretching themselves on credit too much, ***** better put interest rates up, ***** they still keep on using credit put them up again, ***** they still won't stop spending, ***** the whole economy has slowed up, no-one buying anything, house prices have gone down, retailers are struggling to shift anything ***** better drop interest rates again.

And the BoE are acting independantly of government? My RS.

On the ropes......the last chancellor was so good wasn't he!

Still, Canoe bloke seems to be grabbing all the headlines and taking the pressure off Gordon, amazing diversion tactic!
 
There was strong data to suggest the cut a couple of weeks ago but many mixed messages over the last few days.

Goods news for borrowers.
 
From a purely selfish point of view with 3 tracker mortgages this is good news.....
 
Jamie said:
There was strong data to suggest the cut a couple of weeks ago but many mixed messages over the last few days.

Goods news for borrowers.



And good news to kick start a slow consumer market and restore confidence at this time of year.

Look out for the next rate cut in Feb/March :wink:
 

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