Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (58388)	1/4/2002 2:29:24 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

I can't believe they have already spent too much ?? ;0( Friday, 4 January, 2002, 06:29 GMT UK consumers 'over-spending' news.bbc.co.uk British shoppers are spend, spend, spending The Governor of the Bank of England has warned that interest rates may have to go up this year to put the brakes on a credit card fuelled spending boom in the UK. We may have to actually act to cause (consumer spending) to moderate if it doesn't happen of its own accord, and that's when we will be putting up interest rates Sir Edward George Sir Edward George, speaking in an interview with the BBC television's World Business Report broadcast on Friday morning, said consumer demand in the medium term was unsustainable. "Consumer demand will have to moderate," Sir Edward said. "I think there's a good possibility that it will begin to moderate of its own accord, " he continued, adding that when "I say moderate, I don't mean it falls off a cliff, but it slows down".