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Topic History of: Interest rate cut by 1.5%
Max. showing the last 5 posts - (Last post first)

Author	Message
Angel	Watever happened to "saving a little for a rainy day?". Seems thats a another tradition thats gone out the proverbial.
BR	Even Gordon cant spin himself out of this one. Smacks of desperation. MINI factory closing for 4 weeks Worlds biggest Steel Company slashing production by 30% House prices down a further 2.2% New car year on year DOWN BY 23% Retail sales going through the floor Unemployment rising at fastest rate since 1981 Add to that the "Credit Crunch" Bank rate still near 6% for interlending Credit card defaults now in the region of 20% Repossessions highest for 17 years Company profits halved Nationised main banks can only see the economic situation getting worse and I agree with JK - this is what has to be done use all spare cash to pay off any credit card or loans ( get yourself into a position where rent/mortgage and bills are the only things you need to pay ) dont take out any new loans / credit agreements make do and mend with all things where possible cut foreign holidays - go camping buy local where possible to keep your local shops and businesses open as the new USA term says - it is time to "hunker down" and ride out this storm......
zooloo
JK2006	That's what everyone says Zoo but I actually feel it's even more important when you have very little. Like
zooloo	That's a fine attitude when your means aren't mean.