The Bank of England has held base interest rates at 0.5%, the lowest rate it has ever had for the sixth consecutive month. There are also no further plans to develop the quantitative easing program despite Mervyn King's desire to pump more money into the economy.
Despite hope of a recovering economy, it would certainly be too soon to take any steps in the assumption that the market is robust. My feeling is that the financial houses see the wider economy and the stock market as being the same thing... As long as markets are buoyant they are happy regardless of the effects on the population. The truth remains that a lot of people have lost a lot of money, a lot of people have lost their jobs and this is not a pendulum swing that can swing the other way overnight. It takes a lot longer to establish a business than it does to close one down!
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