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cybernoid

Daily Politics Interest Rate Rise Discussion

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http://www.bbc.co.uk/news/uk-politics-27994730

Worth a listen to that clip.

Interesting to hear the younger woman complain about the prospect of rate rises whilst at the same time complaining about food price inflation.. much of which would be affected by imported goods such as fuel or the food itself which is expensive due to the low pound due to the low interest rates.

She also claims 1.2 million will struggle to keep up their mortgage payments (not repayments most likely) if rates start to rise. Versus 4 million renting households who can't afford to buy because these low rates are keeping housing unaffordable. http://www.bbc.co.uk/news/business-26352995 . And I dare say that 1.2 million figure is massaged somewhat in order to make that point.

Those that benefit far out number those that will have to readjust, and are far more worthy of a chance.

The guy in the middle speaks some sense. Bring it on for all of our sakes.

Edited by cybernoid

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Lots of talk but not much else...... and yes some sense was spoken about on mortgages and food prices but with the cut in rates in the EU and today's low GDP figure from the US, I find it unlikely that we are going to see normal rates any time soon. Mark C might put the rates up by a little just so he can cut them again when we get a bit of a slow down, so it looks like he is doing something!

BTW, I would love to see sky high rates!

Edited by renting til I die

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