The UK Future

Tomorrow  chancellor will present the pre-budget speech. Some expects it to be changing the face of country and government. Media was reporting on things he should present, including borrowing.

But I strongly feel that he must advice BoE to reduce the interest rate to less than 1%. 

1.

This will help people to pay mortgages and benefits more than just reducing the tax.

2. 

Many residents will invest into new ventures thus generating more jobs.

3.

Pound value will fall thus outsourcing benefits will be reduced, in-turn generating more jobs.

4.

More manufacturing sites will be created as a result of pound value.

5.

Tourist will come to UK and spend more money here

6.

Retail business will benefit by this and in-turn the service sector (a core economy engine)

Certainly there are some drawbacks but certainly cutting the interest rate will generate much more needed spark to the economy.  Some gave me the example of Japan on cons of low interest but I will tell those people - when you look into manufacturing & retail sectors can you imagine Japanese role. Something UK Government must learn to secure UK Future. Keep the pound low so the much needed jobs are created.

An economic analysis from

Jeeson Augustine