Base rate cuts won’t make us spend

Well, if they lower the interest rate today as some have suggested it will not be in order to make the banks lend.  That’s not going to happen.  It will simply be to send a signal that putting money in the bank is pointless and to encourage us to spend it.  I will be seeking a better place to put my money, not throwing it away as the idiots in the City want us to.

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