Interest Rates To Rise Again.

[gulliver1]

This Govt will hike up interest rates again this week for the 14th consecutive time.
The Tories are saying ,"To get inflation under control we have to make the public ...Poor..They have to have less money or it will not work...........But it won't affect MPs of course.

[gulliver1]

If at the next GE People are hurting, then the Tory party won't be working.
.....For a very long time.

[gulliver1]

PP 10.44 Perhaps the mod Worked out what you were saying ??

[gulliver1]

This latest interest rise is going to hit the Mortgage holders.. hard.
Don't suppose it will affect many MPs ...it never does ,they will just put more down on the expenses sheet.

[Gromit]

Labour gave the Bank of England the job of setting interest rates, over a quarter of a century ago.
Gordon Brown considered them more independent than the ruling political party, and that they would set the rate in the interest of the country, and not their party’s prospects at the next election.

Sorry this news didn’t reach you in 1998, and you have been under the misconception, that the chancellor sets the rate. Hope this helps you understand why your post is ignorant and laughably foolish.

[gulliver1]

Oh so it's Labours fault that the interest rates keep rising. Nothing at all to do with the present Tory Mafia ,,,,Of course not.

[Gromit]

gulliver1

The Government know that high interest rates are hurting a lot of people, and that the poor state of the economy will cost them votes at the next election.
The Government are not happy that interest rates have risen for the 14th month in a row.

[Gromit]

The need to raise interest rates is the Government’s fault. Various Government policies have led to our economy being in poor shape. The BoE is using interest rates as a mechanism to reduce high inflation.

If you are going to attack the Government, get them for something THEY have done, not something they haven’t.

[Peter Pedant]

This was all duly answered clearly and concisely by the post by your truly which has been cruelly done to death by a marauding mod
fact after fact
no wonder it was deleted - ho hum - c'est la vie
AB in the hands of Rita the deleter.

I love the way crucial deletions make a mockery of er any flow or a thread - henry moore wd love it

[Peter Pedant]

.Bet there arent many Tory MPs taking any medicine ......Just Joe public.

you bet - - an opinion. well they are paid not-very-much ( 86k, central London) - Andiie can tell me if that is a fact or not

[Peter Pedant]

get them for something THEY have done, not something they haven’t.

er there are no crimes or delicts ( oops sozza latin haters!) of omission?
righto! - as TTT says so often ( i know this post will go down the pan)

normal day on AB then

[gulliver1]

Gromit 11.18 The only thing this shower "Have done" is get Brexit done . And the result of that is the Majority of Brits want to rejoin the EU .
Apart from that they have done sweet foxtrot alpha.

[Peter Pedant]

god my answers are getting deleted faster than I can write them
hur hur hur
vae victis - as brennus said ( 300 BC I think)

Harold WIlson (Lab) had a hand ( 1964) in the independence of the BoE - was it to liberate or enslave? it was so long ago....

he had so many firsts ( highest marks in PPE since Gladstone. PPE you know the degree Cameron did, ( but not Boris - bit of an elenchus there) and so might well have thought he Harold Wilson cd run the BoE better than the then governor ( Leslie Obrien)

[Gromit]

^
Good idea Gully, change tack and divert attention away from your mess of an OP. We have done Brexit to death.

[gulliver1]

Poor little Richi and his Cons. They knew nothing about this interest rise then . Nothing to do with them.. The BOE are independent .Bet the cons were shocked when they heard about on the news. ..lol.

[gulliver1]

PP 11,32 I have got a good idea which mod is stalking us on this site, have you?

[Peter Pedant]

PP 10.44 Perhaps the mod Worked out what you were saying ??
or there are trigger words that make them go crazy - and turn them into automatons - " I must delete, I must delete"

like in the Manchurian Candidate - "why dont you play a game of cards?" - and it makes the mod rip the face off one of the malcontents (that wd be you Gromit)

and hey grom you mean a mod is actually LEARNING? - some latin
hur hur hur

[bobbinwales]

//Bet the cons were shocked when they heard about on the news. ..lol.//
well they shoulnt of been shocked and I doubt they were... it was widely predicted a week or so earlier and the money markets were reflecting it
But its good news for savers like me now whose finished there morgage, mainly older people, ....theres more savers than mortgage borrowers, and if it helps keep house prices down for younger people moving that'll be good news for them to.

Got to hand it to gulliver.... posts another invalid question/statement and still gets 30+ replies. Could of been better though saying bank of england have raised rates and it must be due partly to Con policies as ours is higher than EU average.
What do you think Cons have done wrong though to cause the need for high rates?

[Peter Pedant]

yes it is Norbert the Nark, and we just have to put up with it.
The mods we must remind ourselves ar esome of the wisest people in the world.

Has the ctee decided yet - there was a mad leddy on R4 - surely a mod in AB in spare time - DID say people with mortgages wdnt be affected as they owned their house outright
erm yeah, might have misheard

[Gromit]

PP,
// Harold WIlson (Lab) had a hand ( 1964) in the independence of the BoE - was it to liberate or enslave? it was so long ago.... //

Is that true?
Wilson hated the BoE. They and the Treasury and the IMF forced him to devalue the pound. I don’t remember HW rewarding them with more independence.

[gulliver1]

Bobbinwales ,you are the gift that keeps on giving.