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Will UK Interest Rates Remain Low For 4 Years?

Dire warnings about the next four years as the UK economy continues its downward spiral under the control of the Tories who seem to think that digging a hole while you're in a pit is a good way to climb out of it.
Posted: Tuesday 31st January 2012

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While it looks as if the USA economy is on the mend it also looks as if the UK economy will continue a downward spiral as long as the Tories pursue a self-defeating cuts programme.
 
By STEVE HAWKES, Business Editor
Published: 16 Jan 2012
 
INTEREST rates will be frozen at record lows for another FOUR YEARS as the UK plunges into a devastating double dip recession - a think-tank has warned.

Top economists last night claimed the country was already back in recession.

And they warned unemployment will hit three million at some point next year as the Eurozone hammers the country.

The Centre for Economics and Business Research (CEBR) said interest rates would have to remain at 0.5 per cent until 2016 to support the UK.

It claims the Bank of England will also have to print another £125 BILLION to pump into the economy - taking Quantiatitive Easing to a total of £400 billion.

The CEBR believes that the UK economy will contract this year by 0.4 per cent. It was predicting growth of 0.7 per cent just three months ago.

If you want to read the rest of this article please click the link below:

http://www.thesun.co.uk/sol/homepage/news/money/4063723/Interest-rates-news-Bank-to-freeze-cost-of-borrowing-for-four-years.html#cid=OTC-RSS&attr=business+news


Of course if you are an internet marketer in the make money online niche this is good news as more and more people will be looking for ways of making money as more and more people lose their jobs. It is not, in my opinion, a sensible way to run a country as the vast majority suffer for a tiny elite who continue to make outrageous sums of money.
 pic of Ian's sig
Ian (Your internet mentor)

Money will come to you when you are doing the right thing.
 

 

 

 

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