Interest rate cut
Discussion
don'tbesilly said:
Trabi601 said:
This is a disaster. No mortgage, money in the bank. I often wonder if I should just blow it all on cars and holidays. Seems to be the modern way.
You forgot hookers 
Though surely it would be better to lick it off, if it hasn't already run off too quickly and caused a stain somewhere.
bp1 said:
Why thank you 
Looking at moving soon and would like to transfer it but we need to increase the total amount borrowed, so just don't see them agreeing to that unfortunately.
If it's anything like mine (which is with C&G), when we wanted to add more for an extension, they just agreed a new sub-loan at a different rate, but left the main body of the mortgage unchanged.Looking at moving soon and would like to transfer it but we need to increase the total amount borrowed, so just don't see them agreeing to that unfortunately.
Speed 3 said:
mike9009 said:
bp1 said:
Lifetime at base rate + 0.39% 
Lifetime at base plus 0.25% I may have to see what a negative rate means to me....
Randy Winkman said:
But what I'm more concerned about is Trabi's point. What does this mean for sensible people that save? What's the point of saving?
Always the yin & yang of economic policy, depends how much stimulus you can get away with before pissing off the "sensible" people. You always need a good proportion of risk takers ie borrowers to use the money made available by the lending funders ie savers. In the near term the maelstrom will be demanding investment decision paralysis relief. Jockman said:
AJL308 said:
Is this good or bad?
Potentially good if you have debt, bad if you have savings. The elderly, and of course the main demographic that voted out.
I doubt they thought they were voting to shoot themselves in the foot, but a done job is a done job.
rs1952 said:
Jockman said:
AJL308 said:
Is this good or bad?
Potentially good if you have debt, bad if you have savings. The elderly, and of course the main demographic that voted out.
I doubt they thought they were voting to shoot themselves in the foot, but a done job is a done job.
It's a shame that people think everyone else votes for self-interest, and when it's aimed at a Leave audience there's likely to be irony involved. It would be fascinating to know how many Remain supporters voted that way due to self-interest.
rs1952 said:
Jockman said:
AJL308 said:
Is this good or bad?
Potentially good if you have debt, bad if you have savings. The elderly, and of course the main demographic that voted out.
I doubt they thought they were voting to shoot themselves in the foot, but a done job is a done job.
turbobloke said:
Ahem! Would the rough boys please calm down in the back row
As it happens I quote the red rag quite frequently.
For all its faults (definitely can have a very sheltered outlook on the world, some of its opinion pieces can be laughable) it still tries to do some very good journalism. The article on betting shops for instance was first class, and its sports coverage is also very good.As it happens I quote the red rag quite frequently.
vonuber said:
turbobloke said:
Ahem! Would the rough boys please calm down in the back row
As it happens I quote the red rag quite frequently.
For all its faults (definitely can have a very sheltered outlook on the world, some of its opinion pieces can be laughable) it still tries to do some very good journalism. The article on betting shops for instance was first class, and its sports coverage is also very good.As it happens I quote the red rag quite frequently.
There's a helluva lot in the good ol' Grauniad that I find I disagree with quite strongly, but that's no reason not to look for and read the gems it occasionally produces.
rs1952 said:
Jockman said:
AJL308 said:
Is this good or bad?
Potentially good if you have debt, bad if you have savings. The elderly, and of course the main demographic that voted out.
I doubt they thought they were voting to shoot themselves in the foot, but a done job is a done job.
Obvious to the remainers of course, she is nearly dead after all, and won't have to live with the consequences,and should be ashamed of herself for wrecking the lives of all the youngsters who couldn't be arsed to to visit a polling station to cast a vote either way.
I talked to her about her savings, and she said interest rates had been low for quite some considerable time, so any further decrease in rates would have next to no difference whatsoever.
She concluded that any loss would be more than worth it, 'short term pain if any,long term gain' as she put it.
Far from dead!
don'tbesilly said:
rs1952 said:
Jockman said:
AJL308 said:
Is this good or bad?
Potentially good if you have debt, bad if you have savings. The elderly, and of course the main demographic that voted out.
I doubt they thought they were voting to shoot themselves in the foot, but a done job is a done job.
Obvious to the leavers of course, she is nearly dead after all, and won't have to live with the consequences,and should be ashamed of herself for wrecking the lives of all the youngsters who couldn't be arsed to to visit a polling station to cast a vote either way.
I talked to her about her savings, and she said interest rates had been low for quite some considerable time, so any further decrease in rates would have next to no difference whatsoever.
She concluded that any loss would be more than worth it, 'short term pain if any,long term gain' as she put it.
Far from dead!
Not that I'm touting for business, mind
turbobloke said:
vonuber said:
turbobloke said:
Ahem! Would the rough boys please calm down in the back row
As it happens I quote the red rag quite frequently.
For all its faults (definitely can have a very sheltered outlook on the world, some of its opinion pieces can be laughable) it still tries to do some very good journalism. The article on betting shops for instance was first class, and its sports coverage is also very good.As it happens I quote the red rag quite frequently.
There's a helluva lot in the good ol' Grauniad that I find I disagree with quite strongly, but that's no reason not to look for and read the gems it occasionally produces.
Turning to the interest rates question I do wonder how much room for manoevering the central bankers still have. The possibility of negative interests rates horrify me. Let us all hope that it never comes to that! If it does I do fear for the conseqences to our economy!!
Jockman said:
don'tbesilly said:
rs1952 said:
Jockman said:
AJL308 said:
Is this good or bad?
Potentially good if you have debt, bad if you have savings. The elderly, and of course the main demographic that voted out.
I doubt they thought they were voting to shoot themselves in the foot, but a done job is a done job.
Obvious to the leavers of course, she is nearly dead after all, and won't have to live with the consequences,and should be ashamed of herself for wrecking the lives of all the youngsters who couldn't be arsed to to visit a polling station to cast a vote either way.
I talked to her about her savings, and she said interest rates had been low for quite some considerable time, so any further decrease in rates would have next to no difference whatsoever.
She concluded that any loss would be more than worth it, 'short term pain if any,long term gain' as she put it.
Far from dead!
Not that I'm touting for business, mind
When the time comes I'll give you a shout for your email address,forwarding an email already written is no bother
Steffan said:
Turning to the interest rates question I do wonder how much room for manoevering the central bankers still have. The possibility of negative interests rates horrify me. Let us all hope that it never comes to that! If it does I do fear for the conseqences to our economy!!
Which would be (in simple terms)?Sheepshanks said:
Colleague has +0.18% lifetime with Woolwich and I vividly remember him being very pissed that he just missed 0.09% they offered for a while. I guess this was about 10yrs ago.
Actually that's jogged my memory, I think we missed that by a couple of weeks as well. We remortgaged in 2007 just before the crash. Woolwich too.don'tbesilly said:
Jockman said:
don'tbesilly said:
rs1952 said:
Jockman said:
AJL308 said:
Is this good or bad?
Potentially good if you have debt, bad if you have savings. The elderly, and of course the main demographic that voted out.
I doubt they thought they were voting to shoot themselves in the foot, but a done job is a done job.
Obvious to the leavers of course, she is nearly dead after all, and won't have to live with the consequences,and should be ashamed of herself for wrecking the lives of all the youngsters who couldn't be arsed to to visit a polling station to cast a vote either way.
I talked to her about her savings, and she said interest rates had been low for quite some considerable time, so any further decrease in rates would have next to no difference whatsoever.
She concluded that any loss would be more than worth it, 'short term pain if any,long term gain' as she put it.
Far from dead!
Not that I'm touting for business, mind
When the time comes I'll give you a shout for your email address,forwarding an email already written is no bother
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