The debt, when said and done is around ?3.27, since we owe whoever and they owe us and so on. However having such a large debt suddenly appear, cheers bankers......, makes it so that the cuts have to be made, those who had started to see the light at the end of the tunnel could no longer afford the electricity to pay to keep the light on and so ended up with relatively less money than they had before, however those that owned the bulb and the tunnel made even more money *shrug* Personally I just think it was a way to keep the gap between rich and poor in place, after all you don't want peasants having money do you? The rich are just as rich, pay less in taxes and make more than ever.
BOE interest rate is 0.5%, interest paid to savers is less than 1%, so why are mortgage rates so high?
BOE interest rate is 0.5%, interest paid to savers is less than 1%, so why are mortgage rates so high?

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