Fingers Crossed and Breath Held
OMG - was at work this lunch when the radio news announced the Bank of England's unprecedented decision to cut interest base rate by 1.5% to 3% in an attempt to try to kick start public spending and revive the stalling economy.
Truth be told, my jaw dropped (I always thought that was just a turn of phrase) and I caught my breath.
Speaking as someone with finance on our holiday cottage business, finance on our building plot for the new house as well as a rental outgoing on the cottage we live in, this could be really welcome news and could have a seriously positive effect on the household finances.
The only pause for concern is as to whether the greed and shareholder-focus of the financial institutions will derail the rate cut and stop it reaching our monthly mortgage payments.
Hence the baited breath and crossed digits...
Truth be told, my jaw dropped (I always thought that was just a turn of phrase) and I caught my breath.
Speaking as someone with finance on our holiday cottage business, finance on our building plot for the new house as well as a rental outgoing on the cottage we live in, this could be really welcome news and could have a seriously positive effect on the household finances.
The only pause for concern is as to whether the greed and shareholder-focus of the financial institutions will derail the rate cut and stop it reaching our monthly mortgage payments.
Hence the baited breath and crossed digits...