Comments on: Is the rates decision a good move?

By: David Laycock

David Laycock — Wed, 17 Sep 2008 11:20:26 +0000

Me again.. I think both Messrs Darling & King should spend a month living in our world, where a quarter point reduction equates to circa £45.00 a month to me. This they probably spend on an egg and cress sandwich and a light refreshment at lunchtime, to me its the majority of a weeks shopping bill, to allow me the audacious privilege of being able to eat!!

By: David Laycock

David Laycock — Wed, 17 Sep 2008 10:42:46 +0000

To answer the question.. No, they have got it wrong! I feel it is high time both the government and the guys within the MPC realise that us hard working tax payers need and deserve a break! Not so that we can go out and start spending again, but that we can actually see some form of meagre in road into the wallet busting increases that we are all having to tolerate.
Part of the bigger problem in this country at the moment is that we are governed/dicated to by people who dont have to look for the buy one get one frees in the supermarkets!They are wholly out of touch with the realities of modern day life. To all you people at the top, wake up and realise that greed doesnt rule, reality and fairness does!! Start helping all us lot down here by allowing us to eat and be warm! David

By: comet23

comet23 — Fri, 12 Sep 2008 12:18:14 +0000

No it was not the right move and by a long margin. The gment just doesnt care enough to control the economy, where is their so-called power? Other countries pull up their socks and rejuvenate the economy when things are dire. Our gment puts their hands up in the air!

By: Stephen

Stephen — Thu, 11 Sep 2008 11:50:04 +0000

The BoE made a monetary policy error by keeping rates so low around 2003 when they should have started some gentle tightening. Now they are caught between a rock and a hard place: do they cut rates and reward property speculators, possibly stoking up another bubble OR maintain rates and help thrifty saver, pensioners and set a more sustainable course for the economy. They are like rabbits caught in the headlights, afraid to move in either direction but frozen to the spot.

By: Alicia

Alicia — Tue, 09 Sep 2008 13:16:20 +0000

How can this be the right move when the economy is suffering, people are dejected and we’re having to keep our wallets the tightest they’ve ever been. The Bank has total disregard for what consumers and the general public need and want.

By: Kev

Kev — Tue, 09 Sep 2008 13:14:56 +0000

By far a wrong move on all counts. The previous posts explain well why this is not good timing to keep rates the same, but more importantly, doesnt the gment want to know what the public thinks and wants…clearly they do not care.

By: Miriam J

Miriam J — Tue, 09 Sep 2008 11:20:05 +0000

The Bank has proved time and time again that their moves are often sound and well-timed for the economy…Now if that statement were true, then we wouldn\’t be asking the question that this blog eloquently raises. Did the bank make the right move this time? As almost always, no they did not. The public need a rate cut desperately and with inflation hitting the roof and cost of living rising at a scary rate, this needs to happen now.

By: Rob

Rob — Tue, 09 Sep 2008 11:17:00 +0000

Keeping interest rates steady is a very crippling move for the economy - what good is it going to do to hold back on cutting rates, when we need it most now? The government is not realising that public morale is hugely low, or shall we say ”all-time low” (a favourite phrase of all media outlets) and they are not taking this seriously enough. When are they going to wake up and smell the coffee?

By: Melanie

Melanie — Mon, 08 Sep 2008 10:56:38 +0000

The rates decision was totally on the mark and we should respect the move. If we are to show any faith in the people leading us, then this is the time to do it. They know very well that it’s for the common good as the Lucy has said, so let’s just leave them to it shall we?

By: Lucy P

Lucy P — Fri, 05 Sep 2008 13:38:58 +0000

Why do so many people want rates to be cut? The BOE is making the right move to keep things steady and curtail a deeper crisis. Before we start claiming its not in the public good, we must ask ourselves how wise it’d be to slash rates in a frantic effort to lift the economy. Instant gratification is not the answer. Let them do their job.