Quote:
Originally Posted by garinda
From July 1988 to May 1992 we had interest rates in double figures, and in 1989 and 1990 it was a constant 14%, except when it peaked, which is what I previously posted, at 15%.
The Thatcherist governments, which includes Major, would have wet themselves at the interest and inflation rates we have today, as that was one of their main economic policies.
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Nonetheless, it will be interesting to see where the inevitable cuts will come. We can all probably second guess where the brunt of them will be applied, but until we see it set down in black and white, I guess we'll just have to sit back and hold our breath.