Bad times around the corner despite Bank Base Rate Reduction

The signs are out for business failures as the economy slows down even though some commentators predict a reduction of Bank of England Base Rate in December - some say it could be as much as up to .75% - wow, big drop but we do not expect it to be passed on to mortgage rates, commercial or domestic.

Forecasters say growth could fall as low as .3 per cent by the last 2 quarters of 2008 - The bank itself expects a 'sharp slowdown'

Beware, back in 1991 post Thatcherite days gross domestic product actually fell to minus, yes minus, -1.4% and Company liquidations hit 24,500 in 1992, which was twice the amount of boomsville arizona year 1988, so be warned, beware, is the proverbial is about to his the fan