IMF tells UK to consider rate cut to boost growth

[Jimbuna]

Originally Posted by STEED

Jim the last Labour bought VAT down for a year and it did sod all, granted you could try lower than the 15% of last time. So what's left? Print more money, well the last count at the BoE was more against last month than the month before that and anyway the money goes straight to the Banks who just sit on and do sod all. So we are left with cutting interest rates and this would appeal to George/David & Nick as this will mean paying off the deficit will cost less.

As for the IMF I believe we the Brits set that one up...Sod it.

Its about bloody time we were told what the true debt is.

I'm currently on 3 1/2% fixed for one year on ISA's which then drop to 1.5%

Basic accounts currently pay between .1% and .5%

The base rate of the BoE is/was 1/2% so how can it be cut any further?

Strange how the banks can charge between 8% and !)% to borrowers.