ozz Posted October 8, 2008 Share Posted October 8, 2008 Very surprising (to me anyway) BoE cut rates by.5%! I thought they were threatening to increase rates. Smacks of desperation but is good for me as I'm re-mortgaging currently. Quote Link to comment Share on other sites More sharing options...
Supragal Posted October 8, 2008 Share Posted October 8, 2008 This was always going to happen today, thought it might be a full % but I guess not. Shame I'm on a fixed rate deal. Quote Link to comment Share on other sites More sharing options...
JustGav Posted October 8, 2008 Share Posted October 8, 2008 Great... Doesn't stop things going up in price, gas, electric, etc.... I've noticed the impact of electric prices going up and it is a real impact, admittedly I have an above average electricity bill but it has gone from roughly £15/week to about £25/week. Quote Link to comment Share on other sites More sharing options...
DaveK Posted October 8, 2008 Share Posted October 8, 2008 Personally, I was hoping for the interest rates of the early 90s - 15%. I want to get back some of the money the shares have lost in the last month! Quote Link to comment Share on other sites More sharing options...
ozz Posted October 8, 2008 Author Share Posted October 8, 2008 Great... Doesn't stop things going up in price, gas, electric, etc.... I've noticed the impact of electric prices going up and it is a real impact, admittedly I have an above average electricity bill but it has gone from roughly £15/week to about £25/week. I've noticed my weekly shop seems to have gone up by £10-15. Quote Link to comment Share on other sites More sharing options...
tbourner Posted October 8, 2008 Share Posted October 8, 2008 Had an extra £70 in my bank this month from the tax stuff though, which is nice. Quote Link to comment Share on other sites More sharing options...
JustGav Posted October 8, 2008 Share Posted October 8, 2008 I've noticed my weekly shop seems to have gone up by £10-15. It all adds up, £10 for food, £20 for electricity+++ Eventually, you are £300 worse off regardless of what they say about the interest rate. It is just a paper figure that doesn't show what the 'man in the street' has to deal with. Quote Link to comment Share on other sites More sharing options...
Supragal Posted October 8, 2008 Share Posted October 8, 2008 Yeah agreed I'm far far worse off in a very bad way. The £70 back each month doesn't even scratch the surface!! Quote Link to comment Share on other sites More sharing options...
Charlotte Posted October 8, 2008 Share Posted October 8, 2008 Shame I'm on a fixed rate deal. But probably better off in the whole scheme of things, in terms of safety. Quote Link to comment Share on other sites More sharing options...
Shadow Beast Posted October 8, 2008 Share Posted October 8, 2008 we went to the bank yesterday as our mortgage runs out of term in December, we have been on a tracker, 0.46% under the BoE base rate, that was very nice, however yesterday it caught up. In the end we waited to see what was going to happen tomorrow seems its happened today, can now go back in next week hopefully the cuts having been passed on to the end user. fingers crossed Richie Quote Link to comment Share on other sites More sharing options...
Supragal Posted October 8, 2008 Share Posted October 8, 2008 But probably better off in the whole scheme of things, in terms of safety. Oh yeah, agreed, it just always seems that all the bad stuff affects me but when a good thing happens it doesn't! Quote Link to comment Share on other sites More sharing options...
JamieP Posted October 8, 2008 Share Posted October 8, 2008 Personally, I was hoping for the interest rates of the early 90s - 15%. I pay my last mortgage payment on the 30th november and i want interest rates to go sky high now to boost my savings:d Quote Link to comment Share on other sites More sharing options...
marbleapple Posted October 8, 2008 Share Posted October 8, 2008 Well I'll be abuot £90 a month better off which will make a huge difference to me. JustGav you spent £25 p/w on electricity.... How big is your house??? I pay that a month. Quote Link to comment Share on other sites More sharing options...
GazB Posted October 8, 2008 Share Posted October 8, 2008 Personally, I was hoping for the interest rates of the early 90s - 15%. I want to get back some of the money the shares have lost in the last month! I'm with Dave i've lost thousands of £ in share values and don't have a morgage A stable market would be nice so that you could try and judge what sort of gamble there is involved with what ever way i want to invest my savings. Trying to a business deal with bank at the moment but they are being very edgy on what they will lend against what security they want Anybody got a million they want to invest? Quote Link to comment Share on other sites More sharing options...
Guest Budz86 Posted October 8, 2008 Share Posted October 8, 2008 Well I'll be abuot £90 a month better off which will make a huge difference to me. JustGav you spent £25 p/w on electricity.... How big is your house??? I pay that a month. Think it's down to the plug in 'massager' and it's constant use Quote Link to comment Share on other sites More sharing options...
Charlotte Posted October 8, 2008 Share Posted October 8, 2008 A stable market would be nice so that you could try and judge what sort of gamble there is involved with what ever way i want to invest my savings. How about a nice suitcase under the bed? Quote Link to comment Share on other sites More sharing options...
GazB Posted October 8, 2008 Share Posted October 8, 2008 How about a nice suitcase under the bed? Or another car Quote Link to comment Share on other sites More sharing options...
JustGav Posted October 8, 2008 Share Posted October 8, 2008 Think it's down to the plug in 'massager' and it's constant use Hahahahahaha, not quite Has more to do with the enterprise level IT stuff I run at home. Quote Link to comment Share on other sites More sharing options...
razza Posted October 8, 2008 Share Posted October 8, 2008 good news, on a BoE tracker -.1% so that'll help! Quote Link to comment Share on other sites More sharing options...
Charlotte Posted October 8, 2008 Share Posted October 8, 2008 Or another car Or a donation to shelter for the homeless people? Quote Link to comment Share on other sites More sharing options...
GazB Posted October 8, 2008 Share Posted October 8, 2008 Or a donation to shelter for the homeless people? I say buy a box, find an underpass or railway arch and call that home Quote Link to comment Share on other sites More sharing options...
JamieP Posted October 8, 2008 Share Posted October 8, 2008 I say buy a box, find an underpass or railway arch and call that home I say go to work and earn your own money:D JOKE Quote Link to comment Share on other sites More sharing options...
Charlotte Posted October 8, 2008 Share Posted October 8, 2008 I say go to work and earn your own money:D JOKE I say there are reasons behind everything and people should stop being stereotypical. Quote Link to comment Share on other sites More sharing options...
DaveK Posted October 8, 2008 Share Posted October 8, 2008 I doubt homeless people are affected by the credit crunch as much as me - I reckon they should be helping me out. Quote Link to comment Share on other sites More sharing options...
Charlotte Posted October 8, 2008 Share Posted October 8, 2008 I doubt homeless people are affected by the credit crunch as much as me - I reckon they should be helping me out. I'm sure there'd be some that wouldn't mind cleaning your house and stuff whilst you're at work? Quote Link to comment Share on other sites More sharing options...
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