Bank of England’s “Second Slip” – Why Nigel Green Is Fired Up About Quick Rate Cuts
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What Nigel Green Struggles Against
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Nigel Green, the big‑name boss at deVere Group, just dropped a verbal smackdown on the Bank of England for holding rates steady. After a shaky year and the first rate cut in four long years, the boe’s hesitation feels like a missed pass in the middle of a football match.
Why the Pause Feels Like a Hard‑Hit
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High borrowing costs are a real pain for manufacturers, retailers and the house‑builder crowd – investments are stalled and cash registers are crying.
Growth is taking a breather; consumers and businesses feel stuck.
Momentum? Nope. The slowdown suggests the Bank just didn’t keep the ball rolling.
Why Nigel Says Stop–shop Is a Bad Call
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“It’s no time to sit on the sidelines.”
“A pause is a missed chance to lower borrowing, rev up spending and pump confidence back into Britain’s economy.”
“It’s like having a front‑row seat and not going to the show.”
The Lag Factor
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Money policy isn’t instant; it’s a wind‑shift that takes months to bend the market.
Delay in cuts means the recovery stays on the sidelines for longer, keeping the business and consumer carousel out of tune.
Fed’s Flip‑Side Move
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The U.S. Federal Reserve pushed to cut rates hard in 2024, eyes on 2025.
Nigel warns: “The Bank of England risks getting left behind if they’re too slow. The UK could lose its competitive edge on the world stage.”
Bottom Line: Go Bold Now!
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Nigel calls for a faster, bolder, more ambitious strategy.
“If the Bank doesn’t cut now, the UK could lose its edge.”
He remembers the earlier inaction: “The Bank missed the early surge in prices. Let’s not let this happen again.”
Quick Takeaway (Bullet‑Point Style)
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Current rate pause stalls growth.
Faster cuts = lower borrowing costs.
Stimulates spending and investment.
Delays prolong stagnation risk.
Looking Further Afloat
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