Omega Owners Forum

Please login or register.

Login with username, password and session length
Advanced search  

News:

Please play nicely.  No one wants to listen/read a keyboard warriors rants....

Pages: 1 [2]  All   Go Down

Author Topic: Interest rates down to 1.5%!  (Read 1931 times)

0 Members and 1 Guest are viewing this topic.

Lizzie_Zoom

  • Guest
Re: Interest rates down to 1.5%!
« Reply #15 on: 08 January 2009, 16:18:07 »
Quote
Quote
Which means savers rates will drop again .. :(

I wonder why I bothered saving any money to fund my retirement .. the way its going the banks will probably try and charge me for "looking after" it... :(

I dont think pensioners should be allowed to have any savings. I think it should be taken off them and given to young people so they can binge-drink and buy hoodies. That would stimulate the economy and everything would be ok. :y


Yep STMO, joking aside, the economy does not need savers now (ironically) but spenders who can give the market economy a boost, which is exactly what the drop in interest rates is meant to encourage along with assisting British exports. 8-) 8-) ;)
Logged

Richie London

  • Omega Queen
  • *****
  • Offline Offline
  • Gender: Male
  • heathrow
  • Posts: 10932
    • View Profile
Re: Interest rates down to 1.5%!
« Reply #16 on: 08 January 2009, 16:45:34 »
Quote
Quote
Which means savers rates will drop again .. :(

I wonder why I bothered saving any money to fund my retirement .. the way its going the banks will probably try and charge me for "looking after" it... :(

I dont think pensioners should be allowed to have any savings. I think it should be taken off them and given to young people so they can binge-drink and buy hoodies. That would stimulate the economy and everything would be ok. :y

they all say there skint anyway, take away there heating allowance, that'll make em spend it, either that or freeze them to death  ;D ;D
Logged

Omega man 2

  • Omega Knight
  • *****
  • Offline Offline
  • 0
  • Posts: 1392
  • If all else fails, get out the oxy!
    • View Profile
Re: Interest rates down to 1.5%!
« Reply #17 on: 08 January 2009, 16:47:03 »
Quote
Quote
Quote
Which means savers rates will drop again .. :(

I wonder why I bothered saving any money to fund my retirement .. the way its going the banks will probably try and charge me for "looking after" it... :(

I dont think pensioners should be allowed to have any savings. I think it should be taken off them and given to young people so they can binge-drink and buy hoodies. That would stimulate the economy and everything would be ok. :y

they all say there skint anyway, take away there heating allowance, that'll make em spend it, either that or freeze them to death  ;D ;D

Sounds like a good plan ;D ;D ;D ;D
Logged

willyboy

  • Omega Knight
  • *****
  • Offline Offline
  • Gender: Male
  • Leeds. West Yorks
  • Posts: 1269
  • Can Do !!
    • View Profile
Re: Interest rates down to 1.5%!
« Reply #18 on: 08 January 2009, 17:18:45 »
Mmmmm  me thinks I should take out a mortgage :D

Bar Steward...take away there heating allowance, that'll make em spend it, either that or freeze them to death  ::) ::)
« Last Edit: 08 January 2009, 17:20:42 by willyboy »
Logged

Kevin Wood

  • Global Moderator
  • *****
  • Offline Offline
  • Gender: Male
  • Alton, Hampshire
  • Posts: 36418
    • Jaguar XE 25t, Westfield
    • View Profile
Re: Interest rates down to 1.5%!
« Reply #19 on: 08 January 2009, 17:27:21 »
They need a heating allowance like mine. (A broken leccy meter)

Kevin
« Last Edit: 08 January 2009, 17:27:35 by Kevin_Wood »
Logged
Tech2 services currently available. See TheBoy's price list: http://theboy.omegaowners.com/

Lizzie_Zoom

  • Guest
Re: Interest rates down to 1.5%!
« Reply #20 on: 08 January 2009, 17:36:30 »
Quote
They need a heating allowance like mine. (A broken leccy meter)

Kevin


Suggest you ask the Mid-Hants for some piped steam to your house Kevin! ::) ::) :D :D :D ;)
Logged

Kevin Wood

  • Global Moderator
  • *****
  • Offline Offline
  • Gender: Male
  • Alton, Hampshire
  • Posts: 36418
    • Jaguar XE 25t, Westfield
    • View Profile
Re: Interest rates down to 1.5%!
« Reply #21 on: 08 January 2009, 17:45:48 »
Quote
Quote
They need a heating allowance like mine. (A broken leccy meter)

Kevin


Suggest you ask the Mid-Hants for some piped steam to your house Kevin! ::) ::) :D :D :D ;)

Safety valve normally blows about level with my back garden on the way down the hill so they're close already.

I was thinking about asking if they want me to electrify that section, but they're fixing my meter on the 15th. ::)

Kevin
Logged
Tech2 services currently available. See TheBoy's price list: http://theboy.omegaowners.com/

Lizzie_Zoom

  • Guest
Re: Interest rates down to 1.5%!
« Reply #22 on: 08 January 2009, 17:52:11 »
Quote
Quote
Quote
They need a heating allowance like mine. (A broken leccy meter)

Kevin


Suggest you ask the Mid-Hants for some piped steam to your house Kevin! ::) ::) :D :D :D ;)

Safety valve normally blows about level with my back garden on the way down the hill so they're close already.

I was thinking about asking if they want me to electrify that section, but they're fixing my meter on the 15th. ::)

Kevin

Yes, and the boiler is usually around 250 psi at that point on the larger engines, so imagine what that could do if you could 'capture" it!! :D :D ;)

As for electrification Kevin, you have it the wrong way round.  Persuade them to electrify that section (for their EMU's that they could then buy) and then put an induction coil down to provide power for your house! 8-) 8-) 8-)  Now that would be cheap lecky!! :D :D ;)
« Last Edit: 08 January 2009, 17:54:20 by Lizzie_Zoom »
Logged

Jay w

  • Omega Baron
  • *****
  • Offline Offline
  • Gender: Male
  • Plymouth/Poole
  • Posts: 4319
  • omega gone
    • View Profile
Re: Interest rates down to 1.5%!
« Reply #23 on: 08 January 2009, 17:52:24 »
Quote
Which means savers rates will drop again .. :(

I wonder why I bothered saving any money to fund my retirement .. the way its going the banks will probably try and charge me for "looking after" it... :(

its funny you should say that Entwood.......

http://www.timesonline.co.uk/tol/comment/columnists/anatole_kaletsky/article5469589.ece
Logged

Entwood

  • Omega Queen
  • *****
  • Offline Offline
  • Gender: Male
  • North Wiltshire
  • Posts: 19566
  • My Old 3.2 V6 Elite (LPG)
    • Audi A6 Allroad 3.0 DTI
    • View Profile
Re: Interest rates down to 1.5%!
« Reply #24 on: 08 January 2009, 18:05:09 »
Quote
Quote
Which means savers rates will drop again .. :(

I wonder why I bothered saving any money to fund my retirement .. the way its going the banks will probably try and charge me for "looking after" it... :(

its funny you should say that Entwood.......

http://www.timesonline.co.uk/tol/comment/columnists/anatole_kaletsky/article5469589.ece


What a stupid tw*t

The whole point of my savings is to allow me income to spend in future years. If I spend the capital as this tw*t suggests, I'll have nothing to give me income later, so will become reliant on the state to support me, so increasing the tax burden.

Its a wonderfully stupid idea ... short term fix that actually makes the long term problem worse ... but thats what most politicians seem to do ... think about today and not tomorrow ... it was this sort of thinking that got us into this mess in the first place.

:(
Logged

STMO123

  • Guest
Re: Interest rates down to 1.5%!
« Reply #25 on: 08 January 2009, 18:07:11 »
Quote
Quote
Quote
Which means savers rates will drop again .. :(

I wonder why I bothered saving any money to fund my retirement .. the way its going the banks will probably try and charge me for "looking after" it... :(

its funny you should say that Entwood.......

http://www.timesonline.co.uk/tol/comment/columnists/anatole_kaletsky/article5469589.ece


What a stupid tw*t

The whole point of my savings is to allow me income to spend in future years. If I spend the capital as this tw*t suggests, I'll have nothing to give me income later, so will become reliant on the state to support me, so increasing the tax burden.

Its a wonderfully stupid idea ... short term fix that actually makes the long term problem worse ... but thats what most politicians seem to do ... think about today and not tomorrow ... it was this sort of thinking that got us into this mess in the first place.

:(

You disagree then?
Logged

Entwood

  • Omega Queen
  • *****
  • Offline Offline
  • Gender: Male
  • North Wiltshire
  • Posts: 19566
  • My Old 3.2 V6 Elite (LPG)
    • Audi A6 Allroad 3.0 DTI
    • View Profile
Re: Interest rates down to 1.5%!
« Reply #26 on: 08 January 2009, 18:09:15 »
Slightly ........   :)
Logged

Golfbuddy

  • Omega Baron
  • *****
  • Offline Offline
  • Gender: Male
  • Cornwall
  • Posts: 4151
  • I'm On An Economy Drive
    • View Profile
Re: Interest rates down to 1.5%!
« Reply #27 on: 08 January 2009, 18:13:59 »
Quote
Quote
Which means savers rates will drop again .. :(

I wonder why I bothered saving any money to fund my retirement .. the way its going the banks will probably try and charge me for "looking after" it... :(

its funny you should say that Entwood.......

http://www.timesonline.co.uk/tol/comment/columnists/anatole_kaletsky/article5469589.ece

Indeed!! In the 1970's, some Swiss banks charged their customers for the privilege of depositing their money with them.

I suspect that, whatever happens to base rates, very little will change in terms of consumer rates for some time.

On the up side, my company has started this year better than any in the company's history. Of course, one good week doesn't tell us very much but, despite what the BBC tells us, the world hasn't stopped spending money. Perhaps we are just being careful that we get good value???
Logged
[size=24]        [/size][/b]

stuart30

  • Guest
Re: Interest rates down to 1.5%!
« Reply #28 on: 08 January 2009, 18:19:35 »
Quote
Yet they're already saying that mortgages won't be coming down any further. Damn you Northern Rock >:(


Im stuck with NR...but surely as its government owned it will put pressure on them like before.

Ok ok i admit im just hoping they will. ;D
Logged

TheBoy

  • Administrator
  • *****
  • Offline Offline
  • Gender: Male
  • Brackley, Northants
  • Posts: 107048
  • I Like Lockdown
    • Whatever Starts
    • View Profile
Re: Interest rates down to 1.5%!
« Reply #29 on: 08 January 2009, 20:09:45 »
Quote
Bad news for everybody.....I suspect the cost of goods will sky rocket due to the resultant low value pound....
Someone talking sense at last!

Its bad news.  If it goes lower, then the option is to print more, which devalues pound even further, and that will lead to massive inflation, so interest rates will have to go up, but the country won't be making enough to be able to cope...

All very grim.

I am on a base rate tracker with no collar, so I am saving money.  But only whilst my employer is making a profit, and can afford to employ me....



To show how things have already started to increase, the current price of the OOF server purchased just before Christmas has already increased over 10%, and technology is a sector you expect to see reductions in price.
Logged
Grumpy old man
Pages: 1 [2]  All   Go Up
« previous next »
 

Page created in 0.017 seconds with 17 queries.