Spare us politicians' quick fixes, says HAMISH MCRAE
Politics makes the headlines, but it is interest rates that shift the economics. That's the conclusion to be drawn from the past few days.
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Politics makes the headlines, but it is interest rates that shift the economics. That's the conclusion to be drawn from the past few days.
Threatening savers with a tax on pension prudence, as Labour is doing, does not help. It only makes matters worse.
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I expect the first fall in interest rates in the UK to come in May, says Hamish McRae. But we could also see an economic uplift in time for the summer holidays.
It must now be an odds-on bet that by the spring, prices will have stopped falling and will mark the start of a decent recovery