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Certainly won't stimulate growth as  the mindset of the savers will be not to spend but continue to be very cautious. It won't help new house buyers either. Instead it will benefit those who are already on the property market. Best option is to cut VAT by up to 5% as and also look at capital investment projects to stimulate growth.Businesses are sitting on billions of their own cash and should be forced to start spending it or face increased taxes on profits.

Edited by EddardStark
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Well , at least we dont need to worry about more folk getting into debt under the new Term Funding Scheme. If banks pass on cheap debt I will gobble up my Greedy Banker hat and burst into one last chorus of Jesus Love Me. 

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On 04/08/2016 at 11:06 PM, Orraloon said:

What's more worrying is another £60 billion of money printing. Nobody knows how this massive experiment will end.

counterfeiting money is a handy thing to be allowed to do legally.

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7 hours ago, phart said:

counterfeiting money is a handy thing to be allowed to do legally.

I've got to the stage where I'm not entirely sure what money is anymore. I used to be fairly comfortable taking a few bits of paper out of my wallet to pay for stuff. i'm not sue if even that was real money? But nowadays that probably accounts for less than 20% of my transactions. "money" comes in and goes out, and I never even see it. Money is strange stuff. 

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