Boeing Share Discussion Threads

[jazza] 30/8/2008 08:26

moob,

Just days after Blanchflower called publicly for his fellow BoE members to join him in voting to cut rates by 0.5%.

Looks like there is an attempt to strong-arm the BoE into cutting rates.

Personally think cutting rates is the right thing to do...BoE dithering 'cos they are worried about wage-inflation....LOL....have they seen the state of the union movement in the UK?! It's nothing like the 1970's the unions are powerless....cut rates BoE NOW!

[moob] 28/8/2008 18:35

Retail sales slump surpasses 1990s recessionGrainne Gilmore
High street sales plunged to the lowest level in a quarter of century in August as wet weather and increased pressure on consumers' wallets deterred shoppers from splashing out.

Some 60 per cent of retailers said that trade fell in August compared with 13 per cent who said they had risen, according to figures from the CBI.

The resulting rounded balance of -46 per cent is down from -36 per cent in July and is the lowest figure since the CBI began its series in 1983, indicating that conditions for retailers are worse than during the last recession.

Stores selling furniture, carpets and household goods were the worst affected with every single shop reporting falling trade in August.

Supermarkets were the only retailers to report a growth in sales, although the 7 per cent balance of grocers recording a rise in sales was down from 19 per cent in July.

In a worrying sign for the Bank of England, which is battling to keep a lid on inflation at 4.4 per cent, the balance of retailers reporting a rise in prices remained high at 48 per cent, although this was down from 56 per cent in May.

The Bank will announce its decision on the interest rate, currently at 5 per cent, next Thursday, September 4.

[d s patterson] 06/8/2008 11:45

doubt they'll cut tmrw

[hsbcpremier] 06/8/2008 06:53

Rate cut tomorrow? Is that why the market is rallying?

[smelgy] 03/8/2008 14:38

......thank you Mervyn aka traberabc for those consoling words.

[traberabc] 03/8/2008 12:43

rate cut in October-guaranteed!

[smelgy] 03/8/2008 12:41

........z1gzag - if it gets any worse there (thanks to Blair/Brown et al), those on high incomes will be finished too!

[z1gzag] 03/8/2008 10:54

The chickens are finally coming home to roost for the UK. I was reading that some familes are living in cars now as they have become homeless after their houses were repossessed. Things can only get worse for the UK, those on low incomes are finished.

[borderriever] 03/8/2008 10:37

Its all a con,banks want rates kept high to rebuilt their balance sheets. All commodity prices are falling after the speculators have caused the commodity bubble. Gov should just accept that inflation target of 2% should be raised to 4% for 2 years or so,no big deal.
Demand for oil is falling and no doubt the price will drift back to $100 a barrel,so theres no need to keep rates high anymore,they should take .5% off if u ask me for starters.

[smelgy] 03/8/2008 10:18

.......no chance of a rate-cut yet. Reckon one cut by christmas, but no concerted cuts until inflation subsides. I reckon RPI will hit 7% at it's peak.

[d s patterson] 03/8/2008 10:08

bunch of morons in my opinion - what has rising global energy prices got to do with UK rates?? and how is tinkering with UK rates going to make a blind bit of difference to gas prices?

[moob] 03/8/2008 07:24

Bank of England urged to make rate cuts by winter
Fighting inflation has to take the priority now, warns Sunday Times panel of experts shadowing Monetary Policy CommitteeIain Dey and Ben Laurance
THE Bank of England should be ready to cut interest rates by the end of the year, according to the Sunday Times shadow monetary policy committee.

[hsbcpremier] 11/7/2008 20:30

Charles Goodhart, a former MPC member, predicted that the severity of the downturn would force the Bank to cut borrowing costs whenever the next change came. "Output is going to fall, unemployment is going to rise, possibly quite sharply," said Mr Goodhart, a professor at the London School of Economics. "The economy is getting into quite a recession. It is a horrible situation."

[hsbcpremier] 07/7/2008 22:06

new rate cut on this thursday?

[hsbcpremier] 08/6/2008 17:06

Workers 'forced to take pay cuts'

Workers are being asked to take pay cuts of up to 40% because of the economic slowdown, one of UK's biggest unions has warned.

The GMB told the BBC it had received reports from members about wage reductions of between 30% and 40%.

It says companies are feeling the pain of the credit crunch and are looking at ways to save money.

The Federation of Small Businesses says lower wages and longer hours may be the only way to prevent redundancies.

[hsbcpremier] 19/5/2008 21:39

whens the next ratye cut

[moob] 20/4/2008 08:20

Food sales slumped after two strong months and sales of clothing and footwear were at their worst for eight years.

According to the BRC report, clothing is seeing "heavy discounting" and there is "aggressive promotion" in furniture, flooring and carpets. It found recent improvement in the sales of home accessories was "often driven by discounts and mid-season sales".

Sales of shoes have fallen despite "heavy discounts and promotions" and mid-season promotional events have generally failed to tempt department store ­customers.

Mr Dodd said: "Sales volumes would be down even further if retailers were not discounting to the extent they are already."

Richard Perks, of the consumer analysts Mintel, said: "Shoppers don't feel as wealthy because of the falling property market and as a result have become more selective about what they buy."

[hsbcpremier] 10/4/2008 11:40

Bank lowers interest rates to 5%

The Bank last cut rates in February
UK interest rates have been cut to 5% from 5.25% by the Bank of England in an attempt to spur the economy in the face of the global credit crunch.

[ludlow3] 10/4/2008 08:52

and now they have talked us in to a recession people are now saying that the BOE have stateted it is going to get much worse they have done a very good job of telling the first time buyers NOT TO BUY.WELL DONE M KING .