They will lose the next election but the problem is Labour will have to raise taxes and will not be able to fix this horrific mess in 4 years so everyone will be saying they can't be trusted on the economy and so we can look forward to another 12 years of the 'responsible' tories.
Have friends who are very happy about keeping more of their moneyThat’s why I hope people will have long memories…..surely it will take a long time for people to forget what Boris and Truss and the rest of them have done.
That’s why I hope people will have long memories…..surely it will take a long time for people to forget what Boris and Truss and the rest of them have done.
When?
Make some claims
inflation will top out at what % and when
Interest rates same question
Put your money where your intelligence suggests
What makes you think it will be short lived? And limited?Interest rates may climb to 7% (mortgage rates) but people also moan that housing is beyond first time buyers - that will be a good bit of levelling up of property values
That’s levelling down you moron not levelling up.Interest rates may climb to 7% (mortgage rates) but people also moan that housing is beyond first time buyers - that will be a good bit of levelling up of property values
I think he’s still living of the glory of being right about us holding all the cards in brexit negotiations.What makes you think it will be short lived? And limited?
That’s levelling down you moron not levelling up.
He's an economically illiterate clown, his big post brexit idea was that we should devalue the pound and well guess we are and it's as shit an idea as we told him it was.
It's also already been pointed out that the historical rates of interest are not good touching points as currently the repayment to wages ratio is much worse now meaning that the affordability levels are much much worse now and this means even lower interest rates will be devastating to ordinary working people.
This is before you take into account the skyrocketing gilts rates which makes borrowing much, much more expensive.
Race to the bottom.That’s levelling down you moron not levelling up.
They will though. Memories only seem to exist for what left wing parties have done. Labour still linked to 1970's. Lib Dems to the coalition. With the Tories shit that happened five minutes ago is forgotten because we've got to 'move on'.That’s why I hope people will have long memories…..surely it will take a long time for people to forget what Boris and Truss and the rest of them have done.
Remember when we were told Commie Corbyn would wreak havoc on the economy and would take us back to the 70s?
A tanked pound and a interest rate rise is what we would get if Corbyn ever took office. The finance industry will start to devalue like no tomorrow.
Remember when we were told Commie Corbyn would wreak havoc on the economy and would take us back to the 70s?
I don’t think the IMF are knocking on the door yet
Even during the worst phases of the 70s the dollar never threatened to gain parity with the pound. It's a monumental economic failure in almost record time
Pound to sink below dollar after UK's mini-Budget, US experts predict, as analysts warn of 'currency crisis' (inews.co.uk)Doesn’t feel like it from where I’m sitting
Doesn’t feel like it from where I’m sitting
Me neither, loving the USD/GBP rate.
So the pound versus the dollar is of greater interest to you than interest rates
I’m genuinely surprised
My concern is a bit like 2008. The problem then wasn't the banks as such - they were a problem, but not insurmountable. The problem was everyone queuing up to take their money out exacerbated the issues already at hand.I remember in the ERM when interest rates were escalating every hour getting to 16% in the end
This is tame. It will stabilise soon enough
We have a fixed rate mortgage so it doesn't affect us. But I do feel for those who will be hit by this-people are capable of caring about more than one thing at the same time.
How does the pound vs dollar impact you owesimslky
Because it will push up supply chain prices which lead to higher goods prices and inflation. The BoE will need to raise rates again which makes current mortgages even more unaffordable to people.
It's been explained to you manty times.
Personally I would lock that shit in but that’s just me. Any fall in house price value (which I personally, and only my opinion, is overstated and will be short lived - yes higher rates make it more expensive to borrow money but fundamentally demand for houses is still growing as the population grows) will be more than paid for by compound interest over 5-10 years.Practical question. Interest rates going up, and we currently have the mortgage in place to buy a property. But, surely, prices will go down as interest rates go up?
So... better to sit tight as we are, or bail? A new mortgage would mean paying more for the same amount, but surely, *surely* house prices will dip at least a little?!?
His only line of defence is to pretend to be stupid.Because it will push up supply chain prices which lead to higher goods prices and inflation. The BoE will need to raise rates again which makes current mortgages even more unaffordable to people.
It's been explained to you manty times.
He's not pretendingHis only line of defence is to pretend to be stupid.
How does the pound vs dollar impact you owesimslky
Rishi Sunak has predicted that they will be by November. So far he’s been 100% right about Truss’ economic plans. You could be heading to another we hold all the cards moment.I don’t think the IMF are knocking on the door yet
How does a weak pound affect the country?
He's not pretending
I thought we were talking about personal positions here? I was saying that if you had a mortgage in 1975 under the Wilson government when rates were at 22% you may have been whining about it more than the Sterling vs pound issue? No?
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