UK interest rate decreases to 0.25%

[Macalin M]

They where 0.75% and have been moved down by 0.5%.

https://www.bbc.co.uk/news/amp/business-51831004

The Bank said it would also free up billions of pounds of extra lending power to help banks support firms.

 

[Helios]

Wow your economy is weak af. In leafland we have stupid natives blockading the most important rail corridor and we still have better interest rates

 

[Macalin M]

Wow your economy is weak af. In leafland we have stupid natives blockading the most important rail corridor and we still have better interest rates

What do you mean abti?

 

[Helios]

What do you mean abti?

When the economy is doing shitty/uncertainty the Central bank will cut interest rates.

Coronavirus + Brexit = Uncertainty = Bank of England cutting rates

in Canada
Coronavirus + Retarded Rail Blockade = Bank of Canada cutting rates

 

[Macalin M]

When the economy is doing shitty/uncertainty the Central bank will cut interest rates.

Coronavirus + Brexit = Uncertainty = Bank of England cutting rates

in Canada
Coronavirus + Retarded Rail Blockade = Bank of Canada cutting rates

The economy is not currently weak it has been doing ok. This coronavirus panic is just a blip

tbh I wouldn’t have reduced the interest rate but then again I’m not the expert here.

Those on variable rate mortgages are loving life right now.

the other policy they had was tax breaks which is good.

recently Flybe went into admin because everyone was cancelling their flights.

 

[Helios]

The economy is not currently weak it has been doing ok. This coronavirus panic is just a blip

tbh I wouldn’t have reduced the interest rate but then again I’m not the expert here.

Those on variable rate mortgages are loving life right now.

the other policy they had was tax breaks which is good.

recently Flybe went into admin because everyone was cancelling their flights.

UK economy has been doing bad compared to before but corona will blow over soon i think. It's just a reaction to current events not long term trends.

 

[psyche]

Australia currently on 0.50% as well because our country is heavily dependent on our big brother China and that country has pretty much shutdown.

At this point a recession might happen here which is saddening because Australia is known for avoiding recessions.

I guess our record is about to end.

 

[Atoore]

The economy is not currently weak it has been doing ok. This coronavirus panic is just a blip

tbh I wouldn’t have reduced the interest rate but then again I’m not the expert here.

Those on variable rate mortgages are loving life right now.

the other policy they had was tax breaks which is good.

recently Flybe went into admin because everyone was cancelling their flights.

growth of 0.2% (i think double check its defo below 0.5%) isnt good and coronavirus made it worse. weak economy indeed

 

[Macalin M]

growth of 0.2% (i think double check its defo below 0.5%) isnt good and coronavirus made it worse. weak economy indeed

We didn’t have the greatest quarterly growth last year, particularly around November. but the forecast growth for this year is 1.4%

 

[Apollo]

Interest rates used to be like 4% and up. They have been really low ever since the 2010s.

 

[Atoore]

We didn’t have the greatest quarterly growth last year, particularly around November. but the forecast growth for this year is 1.4%

I highly doubt the growth will exceed 1% this year you can’t trust these people but at least they are easing austerity

 

[Macalin M]

I highly doubt the growth will exceed 1% this year you can’t trust these people but at least they are easing austerity

Yooo, Rishi Sunak done something big yesterday.

Did you see the budget?

 

[Atoore]

Yooo, Rishi Sunak done something big yesterday.

Did you see the budget?

yeah he increased spending and is increasing borrowing but still no more money for schools and no money for social care but it’s so ironic wallahi because that’s the same thing they said Labour was gonna do and destroy the economy with in the election. I don’t believe him and his party tbh he’s a billionaire himself we really fked ourselves over in December but keep in mind if it had not been for JC and his exposure of austerity it would’ve been completely different budget

 

[Macalin M]

yeah he increased spending and is increasing borrowing but still no more money for schools and no money for social care but it’s so ironic wallahi because that’s the same thing they said Labour was gonna do and destroy the economy with in the election. I don’t believe him and his party tbh he’s a billionaire himself we really fked ourselves over in December but keep in mind if it had not been for JC and his exposure of austerity it would’ve been completely different budget

They are focusing on the north more than the south so I will not experience some of these benefits.

One thing is though, that’s if they fail to stay in power for the next election, they Fucked up. All this money on infrastructure but how long will it take. Electoral terms are only 5 years. But I don’t see labour winning the next one at the moment. However things can change in a heartbeat.

 

[Atoore]

*They are focusing on the north more than the south so I will not experience some of these benefits*.

One thing is though, that’s if they fail to stay in power for the next election, they Fucked up. All this money on infrastructure but how long will it take. Electoral terms are only 5 years. But I don’t see labour winning the next one at the moment. However things can change in a heartbeat.

bruh they slashed millions from budgets of councils in the north and have them to the south but i guess it’s what they deserve for voting Tory nacala not even one year in and he’s already decimating the north i don’t think their hopes are high Labour 2024!