Mike180279 Posted March 6, 2009 Report Share Posted March 6, 2009 I think that we should all be concerned about the license to print more cash. For those who go abroad a couple of times a year this will hit you hard. The Pound will decrease in value even more. We will become a joke if this last move by the Bank of England/Government doesnt have the desired affect. Look at Italy and the Italian Lira how many 1000's to the £ or over in Zimbabwe! Make no mistake this is an extremely desperate measure. Which may backire and put us in more shit long term. Also whilst all these interest rate cuts are good short term what happens when families become used to the extra and they start going up again. More credit borrowed, credit crunch 2 in 25 years! Think about it! Quote Link to comment Share on other sites More sharing options...
Indicator Posted March 6, 2009 Report Share Posted March 6, 2009 Vicious circle springs to mind. I had a mortgage in the UK in the days of 15%. You didn't think of spending money by credit card then. How do you stop people spending what they can't afford nowadays? Trillions, I believe, is what is owed in the UK. Quote Link to comment Share on other sites More sharing options...
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