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Old 07-02-2004, 03:05   #20
Popeye
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Join Date: Jan 2004
Location: Sweethaven
Posts: 82
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Re: Economy picking up steam :)

Quote:
Originally Posted by dellwear
No one forces people into borrowing stupidly, thats like saying that because they haven't increased the tax on Scotch that they make you drink irresponsibly

From my understanding of the situation Labour aren't in control of the interest rates now anyway, its the bank of England!!!
you have a point to air your thoughts and I do not
deny you that

however:

4 people in the bank of england decide on intesrest rates
and 2 are directly appointed by the government
(make of that what you will)

as for 'borrowing sensibly'

hmm - it's only a matter of time before someone brings
a test case against the banks for lending them too much in the first place
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