Boeing Share Discussion Threads

[hsbcpremier] 22/9/2008 19:12

Government needs to raise income tax by 5%

The government needs to raise income tax by 5p or dramatically cut public spending by ₤20bn

[gsands] 22/9/2008 19:10

Christopher Woods sums up the monkeys running the shop over here very succinctly:



'In Britain there is an almost pathetic lack of understanding of the potential downside of boom-bust credit cycles. Hence the shock at the all-too predictable demise of the wholesale funding addicted Northern Rock. And hence the British Prime Minister's evidently ludicrous self-belief that he had presided as Chancellor of the Exchequer over an economic miracle as opposed to a totally irresponsible debt binge.'

'A housing collapse like the one Britain is about to experience will render all talk of inflation as an absurdity,' he adds.

[gsands] 22/9/2008 19:07

Rate cuts have been warranted since the summer but the MPC are alseep at the wheel like a bunch of old men after Christmas dinner.

It's unbelieveable how detached they seem to be to the economy sinking all around them. Inflation? You're watching the wrong ball you dopes. With the recession, nay depression, which is coming our way - deflation will be your new nightmare.

Reap the nightmare for your procrastination.

[fox tail] 22/9/2008 18:57

yes even a quarter would send the right signals

[l0rd lucan] 19/9/2008 06:30

bore off maestro

[le couteau tombant] 19/9/2008 01:53

The British People are about to Nationalise our Bank our lives and regain CONTROL over our Country and Destiny, from the ROTHSCHILDS WATCH OUT!

ROTHSCHILDS=AXIS OF EVIL

THE BRI'TISH WILL NOT BE DEBT SLAVES!

There may well be a revolution and civil war, if that is G-D's Will it will happen.

No religious divide will matter as we unite to regain control, and balance of our world and try to attain democracy, and and end to DESPOTISM, AUTOCRACY AND INTER BREED PSYCHOPATHS ruling our country!

United we Stand Divided we fall, the Love of a Family a Nation is ALL!

[moob] 18/9/2008 06:03

.need in NOW!!!!

[moob] 17/9/2008 22:16

maybe in oct

[moob] 17/9/2008 22:16

maybe in oct

[moob] 14/9/2008 07:38

Hopes rise for rate cut

Hopes of an interest rate cut grew as Paul Tucker, a member of the Bank of England's rate-setting committee, said risks to inflation and growth were on the downside. Mr Tucker cautioned that the pound's weakness was inflationary, but analysts said this could signal that Mr Tucker, who has voted to hold rates in each of the past five meetings, could be more amenable to a cut in the future. (Gráinne Gilmore)

[whiterussians] 11/9/2008 14:40

interisting consipracy theory and interestting point about CPI weightings (where did you get that??) there Aleman, not heard that before
would be nice to see rates 0.75% lower tho

[whiterussians] 11/9/2008 14:28

The lack of mortgages in the wake of the credit crunch has sent the housing market into a tailspin, with a damaging knock-on effect on the wider economy.

Bank of England figures last week showed just 33,000 mortgages were approved for house purchase during July - a record low and barely a quarter of the 114,000 approved 12 months earlier.

Mr King said the UK faced "testing times" as the Bank's Monetary Policy Committee also grapples with inflation at more than double its 2% target due to surging oil, food and energy costs.

These inflation risks have prevented it cutting rates in recent months to help the economy. "In the UK we face a difficult, but temporary, period during which inflation will remain high for a while and output growth at best weak," he told MPs on the Treasury Select Committee.

Official inflation currently stands at 4.4% and is expected to rise to around 5% - prompting another open letter to Chancellor Alistair Darling next week to explain why the cost of living is more than 1% above target.

Most economists, meanwhile, predict the UK will be in a recession by the end of this year - defined as two successive quarters of contraction - as the credit clampdown "bears down" on the economy.




King mouthing off, but whats he doin? naff all.

[moob] 11/9/2008 09:12

Britain 'will suffer recession this year'



Britain will plunge into recession in the second half of the year as the credit crunch bites, according to European Union forecasts...

[jazza] 07/9/2008 09:37

Thing is, we all know where inflation is going....just check commodity prices.

Inflation will peak later this year and then fall back in 2009. If the BoE want stability, they should cut rates now and raise next year....such that when all are struggling with petrol, gas, electric, food costs (now), they have lower mortgage costs and when the price of petrol, gas etc. ease (2009) they have higher mortgage costs.

Keeping rates on hold now and slashing in 2009 means joe public goes from maximum pain now to a sharply easier picture in 2009....which doesn't promote stability.....instead it promotes the boom/bust cycles that the BoE are supposed to be getting rid of!!!!

Muppets!

[moob] 07/9/2008 09:30

Recession fears over industry slowdown
Dan Atkinson, Mail on Sunday
7 September 2008, 10:04am
Fears that Britain is sliding into recession are likely to be heightened this week with another set of poor industrial production figures.


Industry heading for recession, say bosses Tuesday's publication of the July index of industrial production is expected to show manufacturing output being squeezed, despite the fall in sterling that has made exports more competitive abroad.

[moob] 05/9/2008 07:19

With unemployment rising, mortgages thin on the ground and the economy expected to tip into recession, many economists believe that house prices could plunge by 30pc by the end of 2009.



Even a decline of 25 per cent would see the average house price plunge to £147,500 from the high of £199,612 in August, 2007.

Seema Shah at Capital Economics said: "The slump in housing market activity points to even sharper falls in the coming months."

"With neither the economy nor the labour market likely to offer any support to the economy over the next year or two, it is difficult to see what will put an end to this correction."

However, some respite could be in store for households, who are reeling from painful rises in the energy and food bills.

The Bank of England is widely expected to begin cutting rates before the end of the year as inflationary pressures ease.

And with oil and commodity prices sliding, the Bank should be able to cut borrowing costs twice more next year, taking the rate down to 4.25 per cent from 5 per cent now.

Ian McCafferty at the Confederation of British Industry said: "As the autumn unfolds, the chances of a rate cut will increase, as the slowdown improves the inflation outlook for next year."

[moob] 02/9/2008 07:24

meeting this week at MPC