Interest rate rise
With the news that the Bank of England has cut interest rates again, I wonder what the reason is. The guy on the radio has just said that it’s to boost growth and consumer confidence, but I think it hardly need it. When I was on the dole in the early 80’s, that was a recession! When people got laid off from those big factories they had no future ahead of them. Now, all that’s changed. There are no big factories left. So there are no large workforces to get rid off. Only in China. So what we are... Sign in to see full entry.