Mortgage Rate Rises

Blaming "brexit" helps keep the noisy remainer minority on twitter under control - they'll put up with anything as long as it can be linked back to them being on the wrong side of history lol.. no need to fix anything just blame "brexit" - your house is going to be repossessed.. WAH??? ...it's because of "brexit"... oh ok no problem :D
 
TheOracle said:
Not sure if it's time to just rip the damn plaster off. Go with +1% increase, all these little measures haven't worked?

House prices are silly high though, and I think we all agree need to come down.
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It takes a good 9-12 months to see the full result of rate rises. That's the reason for the smaller increments.
 
n111ck said:
Blaming "brexit" helps keep the noisy remainer minority on twitter under control - they'll put up with anything as long as it can be linked back to them being on the wrong side of history lol.. no need to fix anything just blame "brexit" - your house is going to be repossessed.. WAH??? ...it's because of "brexit"... oh ok no problem :D
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What a wonderfully intellectual contribution to this thread.

Meanwhile, back in the real world:

Brexit caused a Third of UK Food Price Inflation, LSE Paper Says

Here's the paper in question:


This pants on head silly level of denial helps no one.
 
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I can only see a marginal link at best between the current issues & Brexit & haven't really seen it mentioned by any serious commentator, expect in passing. To suggest it is one of/the main driver does sound a bit 'desperate remainer'
 
GordyR said:
What a wonderfully intellectual contribution.

Meanwhile, back in the real world:

www.bloomberg.com

Brexit Caused a Third of UK Food Price Inflation, LSE Paper Says

Brexit is responsible for a third of UK food price inflation since 2019, according to research by the London School of Economics that undermines efforts by the government to show the EU divorce has benefited Britain.
www.bloomberg.com www.bloomberg.com
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Interestingly food was still more expensive in the major supermarkets in France when I was there just over a week ago so we may have some way more to go.
 
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Tom_ed1987 said:
I can only see a marginal link at best between the current issues & Brexit & haven't really seen it mentioned by any serious commentator, expect in passing. To suggest it is one of/the main driver does sound a bit 'desperate remainer'
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Tight labour market driving high wage growth. Gotta blame Brexit for some of that, and some food inflation. Tricky though because UK wage growth has been supressed for 15 years now..

delta0 said:
Interestingly food was still more expensive in the major supermarkets in France when I was there just over a week ago so we may have some way more to go.
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Food prices 7% higher in EU supermarkets according to that BBC article.

"But here's a small crumb of comfort - even with these changes, academics at Oxford Economics believe food is 7% cheaper in the UK than on average in the EU."
 
n111ck said:
Lol thanks for proving my point.
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I think what you've so wonderfully demonstrated, is that there are still people out there who through some combination of ignorance or pride, remain completely and utterly void of the kind of skillset required to properly evaluate evidence in the face of long held beliefs.

And that's a big part of why we are where we are.
 
200sols said:
Food prices 7% higher in EU supermarkets according to that BBC article.

"But here's a small crumb of comfort - even with these changes, academics at Oxford Economics believe food is 7% cheaper in the UK than on average in the EU."
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The nominal price is irrelevant, we're measuring inflation.

Incidentally, Oxford Economics also directly name Brexit as a key reason for why they expect our inflation to remain for longer than other advanced economies.
 
Doobedoo said:
It’s not censoring you have a dedicated thread for that very subject. Discuss in that thread to your hearts content.
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No.

It's part of this topic and part of this discussion.

Failing to discuss the inflationary policies of Covid, the inflationary impacts of the war in Ukraine, the inflationary impacts of Brexit, in a thread dedicated to discussing inflation and and the mortgage rate increases we're experiencing as a result, would be utterly ludicrous.
 
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GordyR said:
No.

It's part of this topic and part of this discussion.

Failing to discuss the inflationary policies of Covid, the inflationary impacts of the war in Ukraine, the inflationary impacts of Brexit, in a thread dedicated to discussing inflation and and the mortgage rate increases we're experiencing as a result, would be utterly ludicrous.
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Blaming "brexit" is like their security blanket - try taking it away and they cry like toddlers.
 
Doobedoo said:
Because it’ll inevitably turn into the nonsense that made everyone fed up with the subject in the first place.
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The only people derailing this thread into nonsense right now, are you and @n111ck.

This thread has been, quite incredibly, a bastion of intellectual discussion and debate for GD.

Let it go, it's a legitimate part of this discussion, as are all the potential contributing factors.
 
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GordyR said:
The only people derailing this thread into nonsense right now, are you and @n111ck.

This thread has been, quite incredibly, a bastion of intellectual discussion and debate for GD.

Let it go, it's a legitimate part of this discussion, as are all the potential contributing factors.
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Some comments are not helpful though......

Blame brexit for some of the inflationary rise yes, but we didnt vote for brexit after a rise in inflation, like some one has posted. We as a country voted for brexit in 2016....we didnt just vote for it now.
 
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