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Old 05-05-2022, 15:15   #4
joglynne
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Location: Manchester. (VM area 20)
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Re: Bank of England raises base rate of interest to 1%

Quote:
Originally Posted by 1andrew1 View Post
In the short-term, we need to hope for a quick end to the war in Ukraine and for Coronavirus not to impact us economically in the future.

Longer term, the UK is continuing to suffer from poor productivity and reduced trade with its largest trading partner, the EU. Tackling these may not prevent the short-term slide but will help the country's economy in the longer term.
MY view too. We don't have a mortgage and do have some savings but we are on a fixed income which at the moment are keeping our heads above water but I am so worried about those who are struggling already.

Quote:
Originally Posted by General Maximus View Post
Not sure how to interpret your post. Are you agreeing with Andrew's post or are you insinuating that Boris is happy his plan is coming together. Either way I fear you have covered both alternatives.
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"I intend to live forever, or die trying" - Groucho Marx..... "but whilst I do I shall do so disgracefully." Jo Glynne
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