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Show ALL Forums  > UK forums  > Interest rates slashed to 3%...      Home login  
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 pantsonfire
Joined: 7/19/2006
Msg: 6
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Interest rates slashed to 3%...Page 1 of 1    
^^ Like you say, great news for those who have perhaps overstretched themselves but dreadful for those who have been careful and have saved... This will cost my children hundreds of pounds in interest on their savings... Not impressed ...
 Talk4England
Joined: 1/16/2008
Msg: 9
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Interest rates slashed to 3%...
Posted: 11/6/2008 2:10:50 PM
So we are in a crisis basically caused by global overborrowing so lets make it cheaper/easier to borrow more. Really makes sense to me.
Surely its time to encourage sobriety in peoples attitude to easy cheap borrowed money. Why reward people who have overborrowed to live out of their means ?
Why accelerate the pyramid borrowing?
Further madness in a mad world.
Show ALL Forums  > UK forums  > Interest rates slashed to 3%...