The UK economy .....

[BlasterBates]

THE UK ECONOMY

HOW HEALTHY IS UK plc?

ECONOMIC INDICATORS
Jobless total keeps on rising
Manufacturing output falls
Inflation edges higher
Tough start to year for retailers

hmm or

[DaveB]

Not too worried at the momment. I'd actually be happy for inflation to put interest rates up a bit, say 1.5%

Fixed rate mortgage, and no other debts, so that wont be affected but a better return for savings and investments.

[wendigo100]

Never mind, just keep borrowing!

Let's see if we can double the national debt and hit two trillion of personal debt before the banks cry "Enough!"

[sasguru]

But at least hose prices are reasonable:

http://www.komplett.co.uk/k/ki.asp?sku=303130

[janey]

Not too worried at the momment. I'd actually be happy for inflation to put interest rates up a bit, say 1.5%

Fixed rate mortgage, and no other debts, so that wont be affected but a better return for savings and investments.

me too... no debt, no mortgage, let the interest rates rise!

[eternalnomad]

hmm or

How can the UK economy be ferked when our houses are all worth so much money ? In fact they are so valuable everyone is borrowing huge amounts against this equity to spend on holidays and cars etc.

I believed his royal highness Gaydon when told us "No more return to boom and bust".

The man is a genius of the first order and I for one am happy to gamble the future financial prosperity of my whole family on this man's brilliance (NOT)

I detect a rather serious "correction" coming to the UK economy, however nobody will dare to refer to it as "economic bust" because as Gaydon said, we dont do "busts" anymore. Those that dare to defy him will be detained as a terrorist and held without trial.

You know its only "fair"

[Emperor Dalek]

We're all doomed.

But I too would be in favour of higher interest rates. Purely from a self interest point of view of course.

Mind you, on the other hand, engineering a bit of higher inflation by leaving rates low will help to erode the debts of all those borrowers faster and keep them voting the right way. Ah, now I see how the mind of GB works.

[eternalnomad]

Mind you, on the other hand, engineering a bit of higher inflation by leaving rates low will help to erode the debts of all those borrowers faster and keep them voting the right way. Ah, now I see how the mind of GB works.

HANG ON SECOND - THESE SORT OF ECONOMIC DECISIONS ABOUT INTEREST RATES AND INFLATION ARE NO LONGER THE RESPONSIBILITY OF GAYDON BUT UNDER THE "INDEPENDANT" CONTROL OF THE MPC

Shirley you are not suggesting that Gaydon is trying to influence UK interest and inflationary policy for the sake of political gain

Back to your orginal point.....

One side effect of inflating the UK out of debt is the decline in the purchasing power of sterling and those with savings seeing the value of those savings being erroded (possibly quite significantly)

For those with substantial savings, take a look at what has been happening with the value of gold these past 12 months.....then it may become clear that the "smart money" sussed Gaydons plans a long time ago and are bailing out of sterling and the dollar into something that the government cant print more of when it suits them.

The USA economy is in the same predicament as the UK's ...but worse !

[milanbenes]

hands up if you building an AU and AG holding

Milan.

[threaded]

hands up if you building a guns and food holding

threaded.