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    Yet another interest rate rise.

    Posted by Fred Arnold on 23/3/2023, 13:06:27

    Up by another 0.25%. Is that the only tool that the Bank of England has got? This apparently to suppress demand. I just canít believe that demand is the driver of inflation now.

      and... rates of tax...

      Posted by Blik on 23/3/2023, 14:24:28, in reply to "Yet another interest rate rise."

      I bet if you took the broader range of 'tax' into your calculation, you'd be shocked how much of your earnings and income goes in tax. If you take PAYE, NI, VAT, fuel duty, council tax, it probably in excess of 40% for most ordinary people. Outsider is probably well up on this. And young people still have a terrible job affording housing. Renting or buying.

        Re: Yet another interest rate rise.

        Posted by Caught Jester on 23/3/2023, 13:59:00, in reply to "Yet another interest rate rise."

        Happy birthday

        Re: Yet another interest rate rise.

        Posted by TPDC on 23/3/2023, 13:24:28, in reply to "Yet another interest rate rise."

        With interest at soaring levels people's demand for all but the very basic things is all but zero - unless you're wealthy and therefore rubbing your hands at the prospect of increased interest in your savings. As always these policies benefit the already wealthy at the expense of the poor.

          Re: Yet another interest rate rise.

          Posted by Nearly a Genius on 23/3/2023, 15:32:21, in reply to "Re: Yet another interest rate rise."

          You've got to have a massive amount of savings to get a decent interest rate.

          Re: Yet another interest rate rise.

          Posted by Mate n Chum on 23/3/2023, 13:19:00, in reply to "Yet another interest rate rise."

          Homes will be lost by hard pressed home owners, still the Tories have previous on this and still they get voted in. I think i recall 15% in the late 80s under the Witch

            Re: Yet another interest rate rise.

            Posted by Yes indeed on 23/3/2023, 14:42:26, in reply to "Re: Yet another interest rate rise."

            It was 15% and those of us who had mortgages in those days just had to cut our cloth accordingly, prioritise the paying of mortgage, utility bills, insurances etc.

            We did without the luxuries many accept today as norm, we gave up holidays, visiting pubs, football and there were no good banks either.

            Yet we managed to feed ourselves and our children. No takeaways either, we cooked with what we had at home.

            Cut your cloth and stop moaning.

              Re: Yet another interest rate rise.

              Posted by jimmyp on 23/3/2023, 18:31:51, in reply to "Re: Yet another interest rate rise."

              We're supposed to be a first world country, mate.

              Still, as long as you get to jut your jaw while you tell us all how HARD you had it...

              Cheers, Jim

                Re: Yet another interest rate rise.

                Posted by bbb on 23/3/2023, 16:08:23, in reply to "Re: Yet another interest rate rise."

                Sounds shit.

                Think I'll pass thanks.

                  Re: Yet another interest rate rise.

                  Posted by Ches Fordroad on 23/3/2023, 15:27:23, in reply to "Re: Yet another interest rate rise."

                  You absolute ####ing trooper.

                  This country owes everything to the older generation, "boomers" I believe they're often known as, if only they would mention their heroism and sacrifice a bit more often.

                    Re: Yet another interest rate rise.

                    Posted by Spix Spotter on 23/3/2023, 15:06:18, in reply to "Re: Yet another interest rate rise."

                    Change the record Spix, you come out with all that guff every time. You sound like Grandpa Simpson. It's not the 1960s now - and funnily enough you brag about how well off you were back then when it suits you. No wonder everyone thinks you're a serial liar.

                      Re: Yet another interest rate rise.

                      Posted by MG on 23/3/2023, 15:00:13, in reply to "Re: Yet another interest rate rise."

                      Don't be stupid, mortgages were mostly much smaller compared to salaries back then and tax take as a percentage of earnings was also lower. And plenty of people lost their homes even so.

                      There are large numbers of people who were already going without those luxuries you mention and then some.

                  Re: Yet another interest rate rise.

                  Posted by MG on 23/3/2023, 13:18:23, in reply to "Yet another interest rate rise."

                  More profit for the banks of course.

                    Re: Yet another interest rate rise.

                    Posted by Loads of money on 23/3/2023, 13:27:57, in reply to "Re: Yet another interest rate rise."

                    Great news my interest in my building society is growing big time

                      Re: Yet another interest rate rise.

                      Posted by crumpsall on 23/3/2023, 13:30:23, in reply to "Re: Yet another interest rate rise."

                      Hate to break this to you but it's nowhere near keeping up with inflation

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