I would say there are are millions of people who have a better standard of living than they did in 2008 - anyone who has had any kind of career development and there will be millions will be in a better position than they were in 2008.

Low CT means corporations can either pay more dividends - benefits most with a pension, can invest in people or projects and they generate more cash that they can decide what to do with rather than the state deciding for them. Has the overall take for CT dropped/increase/stayed the same since the drop in rates?

Growth GDP seems to be growing or is that being made up by the ONS? 2.6% in 2014 etc.

This country is one of the most innovative in the world for its size- what bit of scientific research is not carried out here?

Crime rates have been falling in this country since 2003

I ask again if this country is so bad why do so many want to come and work here as opposed to other sizable economies in Europe?

Complete rubbish - low interest only reduce investment returns if you stick the money in the bank. Invested correctly in capital projects low interest rates give very interesting investment opportunities. As a business we can borrow any amount we want at 1.4% over base - guess what we have borrowed substantial sums and invested in a variety of projects which we would not otherwise have as low interest rates shorten ROI time frames considerably

Young people can buy property in a host of places - plenty of cheap property in Bradford, Wakefield, Halifax, Oldham, Rochdale etc. Yes they may not be able to buy in London or Cornwall but there are plenty of places young people can afford to live the fact they choose not to is a different matter

I can't remember which channel showed it but there was a documentary before the EU referendum following the lives of a few Eastern Europeans preparing to come to the UK. One lad had been researching unskilled factory work and said he could earn more money in one day in the UK than he could earn in Poland in a week.

It didn't really ring true with the experiences I've had of working alongside Eastern Europeans about 17 years ago during a Summer job I had while at Uni. Most of them saw the UK as a stepping stone to the USA and saw UK factory work as 'donkey work for crap pay'. Some of them were massively overskilled for the work they were doing, often fluent in 4 or 5 languages. Whether or not they are now living the American dream... Who knows?

Well, if we're going to talk about pointless posting on a rugby league website I guess I have to bow to your expert opinion.

£ is now at c1.20 euro that what it was a two years ago and better than it was three years ago so it could be inflation will fall back especially if oil pricing stabilises.

Given that most banks aren't into giving business overdrafts not a lot, the borrowing will be in the form of loans at fixed interest rates so an increase in interest rates will not impact their existing exposure what it might do is make them consider future borrowing more carefully. You would hope most business will have made hay whilst the sun shines.

Interest rates on ID facilities and the likes are pretty competitive - lots of players out there - pretty secure lending as most debtors will pay up even if you go bust and they will only lend you 90% of the book less if they think matters are looking grim - low risk low rates.

What about personal debt, which is at record levels ?

The Government don't apply for credit or force people to sign contracts.

You may say millions are better off but this article from 6 months ago (which seems to be built on more than "I would say"icon_wink.gif suggests otherwise. It also addresses your GDP miracle. Please note than since that article was written real wages growth has declined (see my previous post).

What has the £ / € ex rate to do with the inflation rate?

As to loans - usually expressed as a % above base or LIBOR and so rates do increase with interest rate rises. Even if genuinely fixed at some point they will need renegotiating when conditions and rates are likely to be significantly different.

Low rates and cheap money creating big debts are what caused the 2008 crash. There has been more of the same since and it is likely than the next downturn will be a depression rather than recession. Maybe that's why there is so much warmongering going on at present?

The only reason why 70k doesn’t go far in this country is because everything is overpriced and the corporates need to be held accountable for ripping everyone off. When it is cheaper to get a flight into mainland Europe than it is to get a train from Leeds to London then something needs to change. Taxpayers would get much better value for money if the railways were nationalised and the heavier tax will be worth it because we will all get better services again.

Parts of the private sector can be just as inefficient as some of the public sector. The private sector does not have a monopoly on efficiency. In the space of a week my complaint recently went from a senior customer service manager to a national manager and a national team manager. How many managers does this private company need to deal with complaints?

The exodus of talent is already happening with many quitting vital jobs over here to get a fairer deal abroad. Brexit has been handled disastrously under the conservatives and more jobs are set to go if they’re re-elected and follow through with a hard Brexit.

Isn't Corbyn now making noises that he won't quit, even if Labour get smashed - at least long enough to change the rules again to make it harder for the Parliamentary party to dominate selections for leadership positions. If ever you wanted evidence that to Jeremy and his mates all that matters is control of the party and not winning an election, there it is.

If Corbyn gets out, meets people, gets on the megaphone and uses a massive social media he can will this election. He just needs one hook to engage people. With a Trump it was controversial comments that caused the tweeting idiots faux outrage. That gave him the oxygen of publicity to invigorate a leadership campaign that was going nowhere fast.

Most loans are at an agreed rate for the term of the loan at its inception - otherwise how can you plan an investment if you don't actually know the cost of the funding? Overdrafts are obviously a different matter as is an ID facility which appears to have replaced a lot of overdrafts these days.

Given we import far more than we export I would the exchange rate of the £ wil have a huge impact on the rate of inflation - would you not agree?

What caused the crash was a sector of business that could not be allowed to go bust i.e. banking. Most commercial businesses would have simply gone out of business and there would not have been the need to bail them out. Banks knew they had a get out of jail card no matter how they behaved - which was appallingly and most of the directors should have been struck off IMO.

Personal debt is too high I would agree with you but there will be a balancing of this as its part of cycle. As soon as interest rates increase even by 1/2% demand for new borrowing will decrease it is just a question of time