DB9
Very well known Exeweb poster
High interest rates during over a decade of austerity, Wage stagnation etc would have been a reciepe for disaster for the UK, You always bring up the house prices going up, If interest rates had gone up then that little jolly of yours wouldn't have happened, In fact i think the repossesions like the late 80's/early 90's would have been repeated.By being way too cowardly over the course of the last 15 years. Interest rates now are way behind where they should be, but the BOE can only put them up so high at a time.