Tuesday, 18 November 2008
Tuesday, 11 November 2008
Interest rates cut, interested in spending?
The Bank of England has recently cut interest rates by a massive 1.5% (the largest cut since 1981), slashing the rate to just 3% (the lowest rate since 1955) in an effort to stimulate the economy. But I wonder, will this dramatic action actually make any difference?
I asked homeowner Richard Cook for his views on such a decisive move.
I asked homeowner Richard Cook for his views on such a decisive move.
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