Originally Posted by
Chip
If we ever got to 15% again, the effect would be utterly devestating, I dont believe that the BOE would ever decide again that was the correct policy, the world is a different place now to then.
I think the effects seen last time around on 15+% would occur earlier in todays climate. Far less assets and more paper in big business, and more people owing a greater percentage on their homes. I reckon 10% would do it now.