Nah Garlic knows leaving bills around is an amateur move by "new money", you're better having your money invested in stocks and Monet's. The staff is less likely to steal enough to have a livable income that way too.
I just read an article that was comparing Szobo to Alonso.... earlier today I skipped past a headline comparing him to Beckham and read another article comparing him to Gerrard. All great players to be compared to, but it's getting a little silly with the comparisons.
No change in interest rates is good news. That with a slowing of inflation hopefully means we’re on right track to get things back to some sort of normality over the next 6 months.
unfortunately there's no assurance the interest rates will fall. they are at a historically normal rate now. 2008 has a massive impact on the global economy so now we are after seeing inflation for the first time in 14 years.
Mortgage rates started dropping even before the BoE decided not to increase the base rate. The experts are saying that mortgage rates will fall further as banks battle it out for customers. I've still got 2 years until my deal ends, but a few months ago mortgage rates were pushing 6%, now you can get less than 5%. My current rate is 1.4%!
About time! Fortunately, I'm on a fixed rate, but I know the current rates are hurting a lot of people.
this was one of the problems of keeping interest rates at bizarrely row rates for so long . I've been saying for years that a few small raises in interest rates would be a sensible idea just to remind people that they do go up .Particularly as a generation have grown up with these unprecedented low mortgage rates which has allowed people to pass affordability tests that they couldn't have done with more historically normal interest rates .
because sooner or later interest rates were going to rise and loads of people seem to have not realised this and have not budgeted for it , Earlier small interest rates rises might have caused them to take precautions .
You've gone a bit MITO there. But assuming you meant it doesn't help peiple with money, it depends. For savings in an account, no, but most would more likely have a significant amount of it invested, in which case the easy credit and low rates could be beneficial.
But you said they should rise it just for the sake of it to remind people it can rise. Doesn’t benefit anyone. Maybe if torriws hadn’t ****ed things up wouldn’t be at 6% as we speak. Was at 2% for years and everything was fine so why was having it at 2% a bad thing? Don’t get the point where say people pass affordability test that they couldn’t have higher. So would you rather have higher rates so first time buyers couldn’t afford the house in the first place and more people living at home longer or renting for longer etc?
Also historical normal rates. How historical going as 10 years of low interest to me suggests that’s the new norm.
