Mortgage Rate Rises
- Thread starter glenimp617
- Start date
Inflation Rise "Not a One Off" says NIESR
www.poundsterlinglive.com
Doesn't fit the narrative.
Soldato
The narrative that it's not just energy costs?
The one that includes QE, commodities etc?
Soldato
With the inflation rise, companies then used that as an excuse to raise all your subscriptions as well though.
The one where economists don't believe inflation is being driven by increased energy costs. I can't think of a single sector in the economy that doesn't suffer as a consequence of higher energy costs.
Even those heavily in renewables will still need to pay for higher material costs all because energy costs have increased.
Soldato
0.25% rise from the BoE.
Caporegime
The question I always have is how much is reasonable and how much is pure greed and an excuse.
"Oh energy prices have gone up 50%"
Right, so why have your prices gone up 70% and why when energy prices come down will those prices remain where they are?
The funny thing with inflation is that it is, as usual, the little guy that usually gets hit hardest. The big boys raise their prices to maintain or increase profits and everyone else picks up the bill while their wages don't keep up with inflation.
"Oh energy prices have gone up 50%"
Right, so why have your prices gone up 70% and why when energy prices come down will those prices remain where they are?
The funny thing with inflation is that it is, as usual, the little guy that usually gets hit hardest. The big boys raise their prices to maintain or increase profits and everyone else picks up the bill while their wages don't keep up with inflation.
Caporegime
That'll teach inflation
Soldato
Yeah nowhere near enough, they are travelling in hope more than anything else,
Caporegime
Just 0.25%. Thank god for that.
Currently got a 150k mortgage remaining at 1.8% and up for renewal in December.. I'm starting to think we should ditch the new extensive driveway and flooring ideas this year and just pay off a significant chunk of the debt so our monthly payments dont change too much..
My builder wont be pleased and Im surely not the only person thinking this.. so dont these rate rises actually fuel a recession?
My builder wont be pleased and Im surely not the only person thinking this.. so dont these rate rises actually fuel a recession?
Caporegime
11 interest rate rises in a row and still inflation is untouched. You’d think this would tell them something.
Yes same here. Currently refurbing my new home. Wanted to build an extension before I moved in fully...cancelled that now.
Soldato
What the ****.....
I pay literally around 38 percent tax on the bulk of my money....
Absolute farce
Soldato
Bar Plumbing, electrician and plastering work, I'm learning and doing the rest on my own...
Soldato
BoE saying it's all going great and there won't be a recession this year now.
Soldato
Most of which were necessary to reform the ludicrously low bank rates.
Soldato
Before you can kick off you need to understand how the money has been earnt. If that was all PAYE then yeah he'd pay the same tax. Loop holes won't be closed because people will just shift their location to another country.
Soldato
Getting tempted to start plowing money into paying down my mortgage rather than into investments given these continued rises.