Bank of england has announced 1in 3 chance of recession, all thanks to Brexit , now what do we do
Ergo a two in three chance of no recession. What do you recommend?
I recommend avoiding the Grauniad, and the BBC, at all costs, talk about the Brexit equivalent of Trump Derangement Syndrome.
As opposed to the definite guaranteed economic meltdown of the late 1970’s when we had to go running to the IMF for a bail out.Followed by the biggest ‘recession’ since the 1930’s in the early 1980’s.Followed by the events of Black Wednesday when Europhile Major had to admit that the ERM wasn’t working.
Remainers seem to have selective amnesia regarding anything which doesn’t fit their bs script that we can supposedly continue to throw money we haven’t got at the EU budget and go on importing more stuff from the place than we export.
It’s clear that the only ‘recession’ which they are worried about is the black hole which the loss of our ‘contribution’ will leave in Germany’s budget and reserves and the bankers having bet on Germany to win and us to lose and then rigged the system accordingly long ago.
Ah, the Canadian in charge of the Bank of England.
Needs to buck his ideas up and get the interest rate out of the gutter before spouting much more nonsense about “BrExit”.
mardybum:
Ah, the Canadian in charge of the Bank of England.Needs to buck his ideas up and get the interest rate out of the gutter before spouting much more nonsense about “BrExit”.
Get the interest rates up?
So there is less cheap money to invest in industry? So our mortgages cost more?
Interest rates being higher, may benefit some, but will disadvantage others.
Franglais:
mardybum:
Ah, the Canadian in charge of the Bank of England.Needs to buck his ideas up and get the interest rate out of the gutter before spouting much more nonsense about “BrExit”.
Get the interest rates up?
So there is less cheap money to invest in industry? So our mortgages cost more?
Interest rates being higher, may benefit some, but will disadvantage others.
Typical Socialist thinking.Everything is fine until you run out of other people’s money.
So why do think that it’s ok,for those who’ve saved for their retirement or a ‘rainy day’,or received a lump sum income protection insurance payout to cover ill health that stops them working,to then have to subsidise employers’ wage bills and profits in the form of zero let alone negative interest rates ?.No doubt the same employers,who then call those who’ve subsidised them,scroungers when the result forces ripped off investors onto Social Security ‘provision’.