Originally posted by BlasterBates
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
BOE Interest Rate is UP
Collapse
X
-
"A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George Orwell -
You'd have thought Sterling would be up, but actually no, the markets are very unimpressed.
At 0.25%, you can't use central bank policy as a stimulus, you've already done everything. An increase to 0.5% isn't going to reduce consumer borrowing as rates are already rediculously low. I don't think we'll see retail savings rates increase either.
It's like the Bank hasn't yet realised that the historical use of interest rates at an economic tool is no longer possible. All they've done is try and talk up the strength of the economy. Which makes a change to their usual talking down the economy.Taking a break from contractingComment
-
Originally posted by BlasterBates View PostThe pound just dropped....
oh dear
The market thinks that the economy is going to tank?Comment
-
Originally posted by chopper View PostYou'd have thought Sterling would be up, but actually no, the markets are very unimpressed.
At 0.25%, you can't use central bank policy as a stimulus, you've already done everything. An increase to 0.5% isn't going to reduce consumer borrowing as rates are already rediculously low. I don't think we'll see retail savings rates increase either.
It's like the Bank hasn't yet realised that the historical use of interest rates at an economic tool is no longer possible. All they've done is try and talk up the strength of the economy. Which makes a change to their usual talking down the economy.
BoE can't do much about that.Comment
-
Comment
-
Time to implementWing Attack Plan Rpersonal fiscal strategy B.…Maybe we ain’t that young anymoreComment
-
Originally posted by BrilloPad View PostUsually an interest rate rise makes the currency appreciate.
The market thinks that the economy is going to tank?merely at clientco for the entertainmentComment
-
Originally posted by WTFH View PostTime to implementWing Attack Plan Rpersonal fiscal strategy B.Comment
-
Originally posted by BrilloPad View PostMissiles that target cyclists?
Or to be more precise, the gel will be used to coat lead shot.…Maybe we ain’t that young anymoreComment
-
Originally posted by WTFH View PostNo, I'm going to HIKE the price of my gel, while improving delivery, both to the esteemed customers and into their systems.
Or to be more precise, the gel will be used to coat lead shot.Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment