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Aye 2 minutes in power and the tories have fucked up the economy.
Come back Labour all is forgiven.
Ill eat my hat if it ever hits the target of 2% in the next few years. At least huge increases in unemployment will reduce demand.
its good news for savers as interest rates will go up soon.
Should never have been at 0.5% anyway.
Should never have been at 0.5% anyway.
your probs right, just hope people who where on trackers didnt get used to spending the extra cash or there could be a few empty houses soon.
I've enjoyed it
its good news for savers as interest rates will go up soon.
About time, I'm saving at the moment losing money when you consider inflation levels. I don't have a mortgage (saving for wedding and house deposit) so nothing else I can do. Have increased pension contribution but that's about it.
If they cut fuel tax. inflation would plummet!
I did for about 2 or 3 years then fixed a bit too soon!
As one person gains, another will lose out though.
It's not nice if anyone loses their home but shirley if someone is buying or remortgaging they don't plan their finances around the current mortgage rate. If you can afford a house at e.g. 2% then you must be aware that there's a massive chance that this rate could rise in the future.
............and there's the secret we maintained our lifestyle and made sure that what was spare still paid off debt and the mortgage which brought the date we finish paying forward two years. Mind we did have interest rates as high as 15% at one point but none of the savers were pitying us.
I've enjoyed it
Buy shares? Risky.
Lend via zopa?