Bank of England set to cut interest rates to record low

[Aurora]

The Telegraph - 08/01/09

The Bank of England is set to cut interest rates to a record low amid concerns that previous cuts have not helped to revive the economy.

Article continues ...

It seems that we've now reached the point where savers are being asked to pay for the party that so many irresponsible people have enjoyed over the past 10 to 15 years.

[RenewableCandy]

The Telegraph - 08/01/09

The Bank of England is set to cut interest rates to a record low amid concerns that previous cuts have not helped to revive the economy.

Article continues ...

It seems that we've now reached the point where savers are being asked to pay for the party that so many irresponsible people have enjoyed over the past 10 to 15 years.

If I had savings now I would buy house/land/useful stuff.

Metro this morning had various people warning that the present very low prices of stuff (some of which is actually useful, e.g. bicycles) will start to shoot up soon. And that Blacks/Millets might go to the wall.

[RenewableCandy]

It's 1.5%! A new record low.

[JohnB]

[chrisc]

[PS_RalphW]

Didn't impress the market. FTSE 100 down on the news.