0.25% cut

Still won't be enough to help the economy self sustain IMHO

 

Which is why you are a train driver and not the Governer of the Bank of England

 

 

Small help from the BoE and then secretly bum raped by the goverment as the Northern rock billions is put on to the national debt

 

I just hope they continue down through the year, just in time for when I renew my mortgage on a long term fixed rate

 

yeah deffo paul.

 

last cut knocked Ł27 of the mortgage so

 

yeah last cut knock Ł30 each a month off my IO BTL morgages

 

It will go down another .25% soon I reckon.

Then probably stick like that for a while.

 

Just means im going to get less of a pay rise

Steve.

 

Yep I reckon another 1/4 % after easter perhaps May then thats as low as they'll dare go for the time being

Good news for exporters tho as the pound will weaken slightly

 

id like to see them go to about negative 20% ideally

 

so you'd be paying the bank money to put your money in there?

can you see a rise in stocking sales chip

 

Absolutely, every other scrounging fuckwit gets a hand out, it's long past due us hard working folks getting something

 

Same here mate,hopefully another .25% by June/July will do nicely!

 

fact! my 3yr fixed rate is 4.59% and its up in dec

 

My mortgaging is bigger than my savings, so the lower the rate the better for me, so negative is better still.

 

Mine is up in Jan at a fixed 4.9%... Do you think we'd get a similar rate around this time,,, or is it to early to tell...

 

dont be SUCH a mongoloid

you just hold your cash elsewhere and watch it's relative value rise

 

no chance imo

5.3-5 will be good going

 

Be interesting to see what the fig's for the high street are like for the next couple of months.. Quarter point cut was a certainty (even more so with what the FED has been doing) - not sure if it will do enough to boost consumer confidence though - interesting times ahead, thats for certain, especially with regard to what this is going to do to inflation (both the CPI and the RPI)

 

Is anyone daft enough to keep significant quantities of cash in a bank?

 

Too little too late... Oh and Northern Rocks debt has been tacked on to the UK's debt.

Brilliant.

'Sinking ship' comes to mind...

 

Mondeo Man

you missed the point of the post

alistairolsen

it used to be easy to launder money that way about 20/30 years ago, not so clever now

 

nope!

if its your own money tho, its either much smaller than your loan/mortgage in general, or you invest it properly!

 

should i travel back in time and tell the guys who were doing these dodgy deals not to put the money into their bank accounts then and keep the loot buried in the back garden or under the mattress shall i

 

Do you even know what the fook you're on about? Money laundering has nothing to do with KEEPING the money in a bank, its about passing it THROUGH the banking system in a way that makes is criminal origins untraceable!

 

"Dojj's money laundering went wrong......."

 

Money laundering, as the name suggests quite clearly, takes DIRTY (criminally obtained) money and makes it appear CLEAN (legally obtained)

 

indeed, but it has no bearing on the fact that storing large investible quantities of cash in a bank isnt a great idea!

 

30 years back money was worth more than it is now as you can agree
Ł2k in 2 weeks was going to tempt even the most devout of friends into skimming a few quid off the top so the money went into several different bank accounts

when it needed to be used to buy soemthing legitamate, several sources of smaller amounts of money from differing accounts but all from the same family name raised no suspisions whereas a lot of money going in and out of one account raised more than a few eyebrows (including the managers who promtly called the police a few weeks later)

so the clever lot got away, the greedy twat got the blame, justice for all

or was this a different sort of laundrette you were thinking of? perhaps staffed by dot cotten and the slappers mother in the east end

 

alistairolsen

one accuont i had was earning me nearly Ł25k in interest a year, and at least i know where the money is and don't need to worry about what it's doing

it's not earning me that much now, only about Ł11k but that's only because i spent the rest

besides, i'm not greedy enough to want to have the most amount of money ever in the world, just enough to get by, but i could have been earning that money from my job as i had enough to pay the mortgage off but it's nice to have a lump sum i can get to if i need it in a hurry rather than waiting for my hosue to sell

 

mm, Id have paid the mortgage off personally, I just dont trust banks, nor do I think they ever give you the best deal.

besides, if interest rates were as chip suggested it would be like a weird offset mortgage where you only pay interest on whats in your savings account lol

 

Load of old bollocks

That would take a criminal financial investigation team about 4 seconds to work out and is NOT what money laundering is.

 

Going back on topic, bear in mind then high street lenders do not have to track BOE base rate - only if they want to... which is why many of them sneakily raised their rates 1/4% in the last month prior to this BOE move, which effectively leaves them 1/4% better off...

 

last rate cut i got a letter through about 3 days later informing me of what i was going to be saving

Mondeo Man
been there, done that, worn the t-shirt, even seen the profits and the insides of the prisons where they went, not bollocks, but if you think it is then i bow down to your superiour knowledge on who criminals don't get away with the things they get away with

 

IM gutted, someone whos saving for a house, in the short term i want it to rocket up!!!! Then go as low as possible when its right time for me to get house that i want where i want. LOL

Purly selfish point of view, but for the country they had to. Though cant see them going down to low, as primary job for BOE is to control inflation and not stimulate the economy.

 

woohoo,another .25 n i'm buying another cos





























not

 

savings??????......


what are them...I own a cossie!!!



steve

 

WE'll see - i'm in the same boat, and IMO its too little too late... Also, everyone seems to forget fical policy as a means of economic control... - Its not the be all and end all...