lozgti

Who gives two hoots if the interest rates go down today.Is this spare £8 (if you have a £200,000 mortgage ) going to make the slightest bit of difference to anything or anyone?

Bank of England set to cut rates | Business | Reuters

Economy is going downhill because we are mortgaged and taxed to the eyeballs and we don't earn 10x more money than we did 5 years ago.I detest what Labour has created

I should be the governments special 'point out the obvious'advisor

DCI Gene Hunt

It's not the 'one off' drop that matters, it's the progressive trend that counts... just as it did in the late 80's / early 90's when interest rates creeped up to +14% (all in small, non noticeable, incremental jumps of course)

And for the record £8 buys 3 to 4 beers (or one shandy in the big smoke).... so it's hardly missable!

MattN

Er, it's more like £30 a month cutting a 200k mortgage by 0.25%

So yes, it does make a difference.

RAJ27

....and then petrol goes up 2-3p a litre and 30 quid p1sses away into thin air.

lozgti

How does it encourage everyone to go shopping,buy a new TV,clothes or whatever? Stimulate a dead high street?

Its a pittance (and of course on a £100k mortgage a spare £3.50 a week)

Brendan Hughes

Wonderful. Interest rates go up - moan. Interest rates go down - moan.

Consistency is a wonderful thing. In a cake mix.

Ringpeas

I disagree.

£8 will buy 5 pints in my local

AndyC_772

iTrader: (2)

That £31 a month is £372 a year, which is equivalent to a £620 a year pay rise if you're a higher rate taxpayer. So actually - yes, I do care.

Perhaps if it's so insignificant you'd like to post me a cheque for £8 every week?

speedymonkey

well it made me giggle

MattN

It introduces confidence in the market.

If you don't like interest rates going down send the extra money to charity or something.

stilover

Personally, I'd have like to see interest rates remain the same. Cutting interest rates (if we then follow America's drastic actions) will only fuel the already over valued Housing market.

This is what the Government want of course, to make sure people keep buying houses for them to line their pockets.

Did anyone see O`leary of Ryanair on BBC news last week? He was saying a recession for a couple years would do the UK the world of good. I'm afraid I agree with him (even though I work in Construction and would be hit by it) but house prices need to go downwards rather than upwards.

Mind you, as of 2:30pm tomorrow, I'll be mortgage free. So any rate cut/rise won't bother me.

lozgti

And what confidence would that be? The admissions both sides of the Atlantic seem to be its nearly recession time,lets try and get everyone spending and stave it off.

Where did I say I didn't like them going down I just said I think it will make no difference at all