interest rates cut to all time low........

[rwdrs]

Bad news for me lads NO mortgage and now low interest rates which us pensionistas dont want ,but best wishes to you guys with mortgages ,its good for you,we will have to manage on my basic pension .Did any of you guys see Chanel 4 the other night,when the French guy said we will not let you English into the Euro.The blond journalist said to him "In an english vote 79% said they did,nt want the Euro,What part of Pi** off do you lot not understand"

I'm very undecided on this one, I think it may well be in the interest of the UK to adopt the currency in the long run as it really has taken over from the USD.
The pound will rise again, but if Brown starts printing more money the Euro will overtake the pound. We saw what happened with the ERM, thanks Mr Major

On the other hand I don't know if the pound can weather being crushed between the USD and the Euro, as the UK does more trade with Europe I think it would benefit British industry in the long run to join the currency; reducing the cost in currency swings and transaction costs.

[mk1gaz]

My mortgage is £500 a month cheaper than last year so i can now afford too eat and smoke more rear tyres !!!!!!

Rumour has it that interest rates are dropping to 0% at easter and the Bank of England will be printing extra milllions of notes . This will force the price of steirling too rock bottom . So buy Euros now and cash them in later

[oldtimer]

My mortgage is £500 a month cheaper than last year so i can now afford too eat and smoke more rear tyres !!!!!!

Rumour has it that interest rates are dropping to 0% at easter and the Bank of England will be printing extra milllions of notes . This will force the price of steirling too rock bottom . So buy Euros now and cash them in later

smoke rear tyres ,how you gona do that ,by setting them alight or by trying to catch me

[TimGR]

Your mortgages may be getting cheaper but given that so much of the consumables in Britain come from abroad, and with the £ going down the toilet, you can exepct everything to get more expensive in 2009.

Personally I think Brown and Darling a both total cnuts and their current stategy is crap for Britain.

[mk1gaz]

Personally I think Brown and Darling a both total cnuts and their current stategy is crap for Britain.

The interest rate is set by the Bank of England AND NOT the goverment . The Bank of England are not motivated by polictics , they do what they think is best for the UK.

[mk1gaz]

or by trying to catch me

Move over H.T. pinto power

[rsdc1]

The interest rate is set by the Bank of England AND NOT the goverment . The Bank of England are not motivated by polictics , they do what they think is best for the UK.

Oh and you think the govt dont tell the bank of england what to do?
Ok Ok I'm going... Please not the tower again... NNOOOOOOO...

[mk1gaz]

The Bank of England only change the interest rates if they think it will help our country . The interest rates used to be set by the elected goverments cancellor until this Labour goverment changed it .
This financial climate was caused by banks + big buisness' in the U.S. and not by the Bank of England . The Bank of england are merely reacting to the problem in the best way they see fit .

[daytona_2000]

the problem as i see it they kept the interest rates to low for about 2 years ,4 years ago which is what fueled the huge spending spree we had , and now the bubble has burst we are all in the shite , and house prices are dropping like stones .
the government kept them to low for to long because they where having an even bigger spending spree than everyone else put together greedy coonts.

[pushrod]

Your mortgages may be getting cheaper but given that so much of the consumables in Britain come from abroad, and with the £ going down the toilet, you can exepct everything to get more expensive in 2009.

Personally I think Brown and Darling a both total cnuts and their current stategy is crap for Britain.

Absolutely right.
We got in this mess by borrowing too much and not have the capability to pay back.
So the solution is to make money cheaper to borrow, so we can spend even more!?
A five year old would know this is crazy.
Companies like Nissan and all the building trade have made a bloody fortune and have more than enough 'in the Bank' to carry on without redundancies but again it's corporate greed that drives the market.

Already the letters have started coming through the front door offering new credit cards with 12 months interest free credit!
Loan offers from banks to go on a bloody holiday!
How does incouraging reckless, needless spending kick start the economy.
IT ALL HAS TO BE PAID BACK AT SOMETIME, or am I just a thick as pig shit and can't see the gravy boat for all the gravy.

[Chesney]

glad i took out a fixed rate mortgage in june

[lee bishop]

went into halifax today, the best thing they can offer is to let our mortgage run at the base rate!! no deals/trackers/fixed rate even come close!! and thats before any arrangement fee's are considered.

HSBC on wednesday, i expect the same news from them

[rwdrs]

The Bank of England only change the interest rates if they think it will help our country . The interest rates used to be set by the elected goverments cancellor until this Labour goverment changed it .
This financial climate was caused by banks + big buisness' in the U.S. and not by the Bank of England . The Bank of england are merely reacting to the problem in the best way they see fit .

As the Bank of England has the countries assets tucked away and always was just another arm of the treasury I don't think you can really say that it's an independent body.
It is sold as such but if the chancellor says "jump" they say "how high".

Also these people spend their professional lives observing the money markets and ought to know when the economy is heading for a spending fuelled "boom".

Their inactivity years ago (when they could have raised the base rate) is part of the problem. Now they are trying close the gate after the horse has bolted.

The dealers and markets in "the city" only did what they were allowed to do, why didn't the Bank of England call for stricter rules and supervision of hedge funds etc. That's why the financial sector has been doing so well in the UK, as regulations were tightened up in the states and many a big company moved away from the NYSE, so that they could carry on trading as they saw fit.

Same as anything, if the rules aren't in place then people will do all sorts.

[mk1gaz]

Rumour has it that interest rates are dropping to 0% at easter and the Bank of England will be printing extra milllions of notes .

Well i don't like too gloat but i said this in January and it's comming true .

[rsderek]

Hi Lee

Go to an independant mortgage broker. loads of sh*t hot deals out there if your equity is under 75% loan to value. I know I am one

Dont waste your time running about the banks.

cheeRS



Derek