Seems we have idiots working in the finance industryLooks like we're now back in an upward trend with rates again
Money blog: Thailand wants you to move there for work on digital nomad visa
Thailand has joined the likes of Spain, Indonesia, Greece and Dubai in offering visas for travellers to stay and work. And we speak to the entrepreneur behind the UK's first net-zero whisky distillery for our Women in Business series. Leave your thoughts on anything we cover below.news.sky.com
Like I said idiots, as they have seen what happens to the economy when rates increase.
There's slowing it down, stalling it or going backwards, not much difference in real terms. I have been seen the results of the recessions that we've gone through( worst one, the mortgage interest rate was 16%). The economy will recover true but at a hell of a cost
Looks like they got a bit over excited on a rate cut yeah, but you seem to be calling them idiots for exactly the opposite reason Tony is
I believe its mostly computer automated / AI these days.
All this is a cycle we go through, inflation goes up, people ask for more wages, industry puts prices up, inflation goes up etc. All they need to do is to control both interest rates and wages to slow down the cycle. But what they do is knee jerk reaction or turn a blind eyeThat's a cost those in charge are willing to pay
Though tbf, this "technical recession" we are in feels just about right at the minute. We aren't seeing the mass redundancies or even house repossessions of those previous recessions you are on about (I lived through those too) so if keeping the base rate at a higher rate for a little longer gets the lid firmly back on inflation then the price the country has had to pay with some higher mortgage payments for a few years has been relatively light imo.
That's a cost those in charge are willing to pay
Though tbf, this "technical recession" we are in feels just about right at the minute. We aren't seeing the mass redundancies or even house repossessions of those previous recessions you are on about (I lived through those too) so if keeping the base rate at a higher rate for a little longer gets the lid firmly back on inflation then the price the country has had to pay with some higher mortgage payments for a few years has been relatively light imo.
Oft, I just did my 5 year fixed with them the other day!Looks like we're now back in an upward trend with rates again
Money blog: Thailand wants you to move there for work on digital nomad visa
Thailand has joined the likes of Spain, Indonesia, Greece and Dubai in offering visas for travellers to stay and work. And we speak to the entrepreneur behind the UK's first net-zero whisky distillery for our Women in Business series. Leave your thoughts on anything we cover below.
www.ft.com
Phew. Locked in 4.64pc for 2 yr in Jan. It's now back up to 4.84pc. HSBCLooks like we're now back in an upward trend with rates again
Money blog: Thailand wants you to move there for work on digital nomad visa
Thailand has joined the likes of Spain, Indonesia, Greece and Dubai in offering visas for travellers to stay and work. And we speak to the entrepreneur behind the UK's first net-zero whisky distillery for our Women in Business series. Leave your thoughts on anything we cover below.
Jeremy Hunt draws up plans for 99% mortgage scheme
UK chancellor’s move aims to reassure voters that Conservatives represent the interests of homeowners
Pulling one from the Thatcher book..
Like someone said, you’re either renting a property or renting the money to buy a property, which is true for most of us. At a 99% mortgage, you could be relying on solely the house prices going up, selling it and using the gains for the deposits on the next house. The question is will appreciation rates for houses raise faster than interest rates for this to work.
