Interest Rates up 0.25%

[Herr Tubthumper]

Get remortgaged now as there will be another 0.25% rise in Feb. Its an odds on certainty, so that Gordon Brown wont have egg on his face when he takes over from Tony in June when the next increase was supposed to happen.

Bank of England are independent of the government.

 

[Padders]

9pm on channel 203.

Can post onm NSC (via youtube) once I have got it off my hard disk.

 

[Bert365]

Ive just in the progress of getting a mortgage
iv got 2 year Fixed at 4.99 payment are around 820 pound pm
Should get me through the bump in the market

 

[seagullsovergrimsby]

Bank of England are independent of the government.

I think the chancellor of the exchequer has a little influence as otherwise his budget would be totally fecked up.

 

[Caveman]

Fixed Rates Rock

Only fixed for so long though, mine runs out in 2 1/2 years and the 4.9% i have now will be no where near in the future i'm sure... bites nails.

 

[Uncle Spielberg]

Ive just in the progress of getting a mortgage
iv got 2 year Fixed at 4.99 payment are around 820 pound pm
Should get me through the bump in the market

Abbey

 

[Bert365]

Yeah with the abbey

 

[sullyshuffle]

but the good news will filter through to savers....should be putting up their rates accordingly...yippee!

 

[Goring Gull]

Good, looks like my decision last year to take a 10 year fixed at 5.15% looks a good one.

To think some of my mates gave me some stick for it. Who's laughing now.

 

[The Clown of Pevensey Bay]

I think the chancellor of the exchequer has a little influence as otherwise his budget would be totally fecked up.

Seriously, no he doesn't. Almost the first thing Labour did in 1997 was to put interest rates in the hands of the Monetary Policy Committee of the Bank of England, not the Treasury.

They're supposed to make their decisions in the best interests of inflation, and the government's target is 2.5%

If the inflation rate strays too far away from 2.5% for too long, the governor of the Bank of England has to write the Chancellor a letter saying he's sorry. This is true.