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  1. Jim in the West

    BoE cuts base interest rate to 0.25%

    Hope the Brexiteers are happy..... The Resolution Foundation think tank has translated the BoE’s new forecasts for 2018 into simple cash figures. The economy is forecast to be £45bn smaller than previously thought; Prices are set to be 1.1 percentage points higher; Nominal earnings are set...
  2. Jim in the West

    BoE cuts base interest rate to 0.25%

    Agree about speculation - but the future was a helluva lot rosier pre-23rd June. And the 2nd quarter data from all sorts of sources was really positive. The Brexit vote has mucked things up royally!
  3. Jim in the West

    BoE cuts base interest rate to 0.25%

    Absolutely - BoE is printing money as fast as it can, and it's not making any difference - apart from making the already rich even richer, and the poor poorer (massive decline in real wages over the past seven years). Unfortunately we shot ourselves in the foot by voting "Leave" - if the vote...
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