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Comments by "" (@derf9465) on "Economy Latest: Interest rates up as Bank of England warns of long recession" video.
🤣 😂 this is what happens when banks run the world and dont produce a thing.
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Shout out to all those who remember the thatcher years and silly base rate and inflation and a transition from an industrial country to a Service nation........ Point and laugh at all those who thought interest rates would stay low forever.
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We haven't left yet. Brexit still isnt finished.
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The 80's was an interest rate mess controlled by government changing every few months peaked at 17% but bounced all over. In in an aid the balance the books, of the uk's bailout habits. Lots of folk lost houses as they listened to the government and got credit cards and put the world on credit. Many people lost the lot. History is going to repeat itself.
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