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Mortgage deal ending
- Thread starter bobmcfc
- Start date
Gareth Barry Conlon
Well-Known Member
- Joined
- 5 Sep 2014
- Messages
- 14,800
The BoE have a lot economists working on forecasting - it is forward looking analysis so yes it does rely on sentiment and feeling. It is essentially guess work but involving a lot of highly educated people with a vast amount of data to hand. They publish a monthly report that summarises the thinking. The report is presented to a committee who take a vote on what to do with rates. This time round the vote was 7 for +.75 1 for +.50 and 1 for +.25Do they set these with any science behind them or is it all based on sentiment and feeling ?
flook
Well-Known Member
Calls to charge people of various (self-induced) afflictions are all well and good and very understandable, trouble is once you start this its a slippery slope to a private health service
RobMCFC
Well-Known Member
Agreed. If you want to charge obese people, then you can add the following in:-Calls to charge people of various (self-induced) afflictions are all well and good and very understandable, trouble is once you start this its a slippery slope to a private health service
- Anybody who smokes
- Anybody who drinks
- Anybody who is injured doing uneccessary dangerous sports (ski-ing, rock climbing, cycling etc)
- Anybody who doesn't take recommended vaccinations
Like you say, definitely a slippy slope.
tolmie's hairdoo
Well-Known Member
Much as I love Scotland and my family, I wonder how much letting them have independence would claw back?If we annex Merseyside and let them govern themselves we could save a fortune on benefits. Could also do with charging the obese for using the NHS.
In Canada a guy got pissed up needed a ambulance cost him 300 quid for itCalls to charge people of various (self-induced) afflictions are all well and good and very understandable, trouble is once you start this its a slippery slope to a private health service
tolmie's hairdoo
Well-Known Member
Like you say HS2 is the biggest waste of money ever, use that money to improve services, cut rail prices and thus help the environment.
We need to stop the brain drain down to London, not spending £100bn plus to.send our kids quicker.
We would have Londoners buying homes up here and sending the prices even higher.
The Light Was Yellow Sir
Well-Known Member
Out of interest, why do you think ‘huge savings’ are required?When did the last recession end?
Just asking, seem to have been in one since 2009!
Fuck off HS2 - save at least £71bn.
Tax the oil and energy companies higher.
Tax the banks a bit more.
Help the people in the middle 40-per-cent bracket but increase the top rate to 46 per cent.
Charge time-wasters, thugs and drunks for using the NHS.
Other than that, I don't see where any government can make the huge savings required.
Not as much as we need I imagine. Maybe ask the delightful Nicola when you are next up thereMuch as I love Scotland and my family, I wonder how much letting them have independence would claw back?
The Light Was Yellow Sir
Well-Known Member
The forecast predicts that the unemployment rate will rise, while household incomes will come down too.
It is a picture of a painful economic period, with the UK performing worse than the US and the Eurozone.
While it will not be the UK's deepest downturn, it will be the longest since records began in the 1920s, the Bank said.
The unemployment rate is currently at its lowest for 50 years, but it is expected to rise to nearly 6.5%.
Who thinks this is, in any way, a good strategy? It’s completely arse about face and, to make matters even worse, the pound slumped and the cost of government borrowing rose in response to the Bank's warnings of a 2 year recession.
So, we’re doing all this to placate the ‘market’ and bring the cost of Governemnt debt down and the markets have said, once again, fuck you we only care about making more and more money and, whatever you do, it won’t make the slightest bit of difference.
Can somebody remind me what this sovereignty thing was all about?
It is a picture of a painful economic period, with the UK performing worse than the US and the Eurozone.
While it will not be the UK's deepest downturn, it will be the longest since records began in the 1920s, the Bank said.
The unemployment rate is currently at its lowest for 50 years, but it is expected to rise to nearly 6.5%.
Who thinks this is, in any way, a good strategy? It’s completely arse about face and, to make matters even worse, the pound slumped and the cost of government borrowing rose in response to the Bank's warnings of a 2 year recession.
So, we’re doing all this to placate the ‘market’ and bring the cost of Governemnt debt down and the markets have said, once again, fuck you we only care about making more and more money and, whatever you do, it won’t make the slightest bit of difference.
Can somebody remind me what this sovereignty thing was all about?