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Interest rates.

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By *asycouple1971 OP   Couple
over a year ago

midlands

Gone up today by 0.75% to 3%

This will really slow things down before Christmas.

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By (user no longer on site)
over a year ago

Recession knocking the door, bound to happened, prices are up for almost all commodities, major is oil and aggravates for the country which imports more, export less.

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By (user no longer on site)
over a year ago

A chunk of the population will be relatively happy as their savings will now get some reasonable interest

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By *ixieAndHerKingCouple
over a year ago

Debauchery


"Gone up today by 0.75% to 3%

This will really slow things down before Christmas.

"

Slowing it down i.e. slowing down what economists call the ‘Velocity Of Money’ is the intention I suspect. They believe that M2, as it’s otherwise known, is a large contributor to inflation.

Hades

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By *icolerobbieCouple
over a year ago

walsall


"Gone up today by 0.75% to 3%

This will really slow things down before Christmas.

Slowing it down i.e. slowing down what economists call the ‘Velocity Of Money’ is the intention I suspect. They believe that M2, as it’s otherwise known, is a large contributor to inflation.

Hades "

That have been near zero for the last 10 years while the Bank of England printed money. This was always going to happen. Pre financial crash of 08, interest rates were at a more healthy 5%.

People who have stretched budgets and borrowed without fixing rates will suffer.

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By *asycouple1971 OP   Couple
over a year ago

midlands

Can see alot of people that have borrowed banking on low interet rates will suffer.

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By *ixieAndHerKingCouple
over a year ago

Debauchery


"Gone up today by 0.75% to 3%

This will really slow things down before Christmas.

Slowing it down i.e. slowing down what economists call the ‘Velocity Of Money’ is the intention I suspect. They believe that M2, as it’s otherwise known, is a large contributor to inflation.

Hades

That have been near zero for the last 10 years while the Bank of England printed money. This was always going to happen. Pre financial crash of 08, interest rates were at a more healthy 5%.

People who have stretched budgets and borrowed without fixing rates will suffer.

"

I totally agree. Sad as it is for those who will suffer.

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