Some facts:
US has slashed interest rates.
UK inflation is falling and is well below the government target. (I know)
Financial markets are in turmoil
The result:
UK interest rates will be cut to around 5% to ape the US and boost the UK financial services industry.
UK property prices will once again go stellar, as mortgage costs tumble on cheap credit again.
US has slashed interest rates.
UK inflation is falling and is well below the government target. (I know)
Financial markets are in turmoil
The result:
UK interest rates will be cut to around 5% to ape the US and boost the UK financial services industry.
UK property prices will once again go stellar, as mortgage costs tumble on cheap credit again.
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