Interest rates at 1/2 per cent. If that’s not the light at the end of the tunnel then it’s a train coming in our direction, carrying with it, a wagon-load of quantitative easing!
I need to go looking for one of those old photographs from the 1930’s of someone with a wheelbarrow full of cash on the way to the shops to buy a loaf of bread.
Everyone, I'm sure, irrespective of political allegiance will hope this move by the Bank of England, will breathe some life back into a fast failing economy. I’m reminded of a comment made by the instructor on the paramedic course I attended some years ago. “Death”, he said, “is the worst possible form of ill-health” and the same could be said of the major organs of the British economy, finance, manufacturing and even Emmerdale!
Strangely enough, I discovered a ray of sunlight here in Thanet yesterday, a local software development company, with a phenomenal idea and a proven working application and platform to support it. To say I was bowled-over by the possibilities wouldn’t do it justice; our Thanet North MP, Roger Gale, had asked me to take a look. I won’t say who it is and what it does just yet but I rather wonder if its idea might impact many of us in the future.
Wouldn’t it be wonderful if a small national technology success story came out of Thanet? We’ll have to wait and see, because it’s still in its infancy and faces the same challenges of every other small start-up business in the country in the present economic climate.