UK leaves rates at a record low for the 16th month running

Friday, July 9th 2010 - 05:29 UTC

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The Bank of England has kept UK interest rates on hold at a record low of 0.5% for the 16th consecutive month. The Bank's Monetary Policy Committee (MPC) also decided on Thursday not to inject any more money into the economy under its policy of quantitative easing (QE). Read full article

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avargas2001
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Jul 09th, 2010 - 06:44 am - Link - Report abuse 0
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harrier61
UK finances not as bad as some might have hoped then?

And gassy is back making inappropriate comments. Does your comment mean that you won't be here for the rest of this month?
Jul 09th, 2010 - 05:12 pm - Link - Report abuse 0
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Beef
Avargas

Last time I checked a map of the world the UK is not in Argentina. The UK does help the FIG pay for protection from a bunch of bullies who wish to threaten a small islands nation (as well as Uruguay). The UK provides overseas aid to many countires and the Islands are no exception. If the hydrocarbon industry in the Island reaches fruition then the FIG will meet the full costs of the Island defence budget.

Then perhaps the UK could divert some of the money saved to the slum dwellers in Argentina. They could do with some help as the Argentine government cares little for these unfortunate individuals.
Jul 09th, 2010 - 11:14 pm - Link - Report abuse 0
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avargas2001
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Jul 10th, 2010 - 02:48 am - Link - Report abuse 0
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Hoytred
I understand that we still provide overseas aid to South America although where I haven't yet discovered. If everybody down there is rich and happy (and unfriendly) I wonder why we still do that?
Jul 10th, 2010 - 04:00 am - Link - Report abuse 0
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Rufus
DFID sends aid to Brazil (£860,000) and Guyana (£2.5m) on the mainland, plus four of the Carribean countries. They mostly send aid to Africa though. I think there is more form FCO, but their website is impenitrably badly set out.
Jul 11th, 2010 - 12:38 pm - Link - Report abuse 0
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Hoytred
Brazil is a bit of a surprise! Thought they were doing rather better than their neighbours?
Jul 14th, 2010 - 01:54 am - Link - Report abuse 0
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harrier61
I think the assistance is with the AIDS program.
Jul 14th, 2010 - 09:36 am - Link - Report abuse 0
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