Bruce Banner Posted April 15, 2016 Share Posted April 15, 2016 http://www.theguardian.com/business/2016/apr/15/george-osborne-says-brexit-will-drive-up-interest-rates George Osborne has issued a stark warning that mortgage rates will rise if Britain leaves the European Union.The chancellor said he thought it was likely interest rates, and therefore the cost of home loans, would rise if Britons vote to leave the EU in the referendum on 23 June. Quote Link to comment Share on other sites More sharing options...
Sheeple Splinter Posted April 15, 2016 Share Posted April 15, 2016 Let's face it, GO has been 100% correct with everything so far Plus this is a rewarning (repeat warning). http://www.theguardian.com/business/2014/jun/12/george-osborne-mansion-house-bank-england-powers-curb-mortgages-bubble-economy-interest-rates Quote Link to comment Share on other sites More sharing options...
shindigger Posted April 15, 2016 Share Posted April 15, 2016 It begins. What took him so long? Quote Link to comment Share on other sites More sharing options...
workingpoor Posted April 15, 2016 Share Posted April 15, 2016 As predictable as it is moronic, all they had to do is tell the masses that their mortgages will go up or houseprices will go down and they get the result they want. Osborne may as well have just booked an advertising slot during BGT or the Voice for maximum return. Quote Link to comment Share on other sites More sharing options...
CunningPlan Posted April 15, 2016 Share Posted April 15, 2016 I understand the majority of the population are savers, not borrowers. This could backfire on George. Quote Link to comment Share on other sites More sharing options...
campervanman Posted April 15, 2016 Share Posted April 15, 2016 I think there would be a run on the pound on June 24 th followed by an emergency budget. Interest rates would have to rise to stem the flow of money out of the UK so Osborne is probably correct about mortgage rates going up. From a purely selfish point of view, higher interest rates would be good for me but not so good anyone contemplating house purchase as prices would be kept up by more money printing etc. Quote Link to comment Share on other sites More sharing options...
Fully Detached Posted April 15, 2016 Share Posted April 15, 2016 And now we see the advantage for the govt of having a population up to its collective eyeballs in debt. They'll do whatever you want them to do as long as you tie the outcome to the price of their home or the cost of servicing the debt on it. This country is finished. Quote Link to comment Share on other sites More sharing options...
billybong Posted April 15, 2016 Share Posted April 15, 2016 (edited) So apart from anything else the Help to Buy policy has been to try to create more Bremain voters. Edited April 15, 2016 by billybong Quote Link to comment Share on other sites More sharing options...
billybong Posted April 15, 2016 Share Posted April 15, 2016 And now we see the advantage for the govt of having a population up to its collective eyeballs in debt. They'll do whatever you want them to do as long as you tie the outcome to the price of their home or the cost of servicing the debt on it. This country is finished. +1 It is indeed but that isn't just a recent event. Quote Link to comment Share on other sites More sharing options...
workingpoor Posted April 15, 2016 Share Posted April 15, 2016 Nice Friday teatime press release, i bet it's all over the teatime news? with analysis from "experts"? Something for voters to consider over the weekend? Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted April 15, 2016 Author Share Posted April 15, 2016 Nice Friday teatime press release, i bet it's all over the teatime news? with analysis from "experts"? Something for voters to consider over the weekend? Yup, repeating every ten minutes. Personally, I can't think of a more compelling reason to vote to leave the EU. Cameron and Osborne out, London house prices fall 50%, interest rates rise. What is there not to like? Quote Link to comment Share on other sites More sharing options...
zugzwang Posted April 15, 2016 Share Posted April 15, 2016 Given that the Bank rate has been frozen at 0.5% for the last seven years, where else are future mortgage rates going except up? Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted April 15, 2016 Share Posted April 15, 2016 And so the blackmail begins. I still have no idea what the actual question will be yet. Quote Link to comment Share on other sites More sharing options...
sPinwheel Posted April 15, 2016 Share Posted April 15, 2016 (edited) And so the blackmail begins. I still have no idea what the actual question will be yet. Would you like the UK to remain adjacent to the location in the vicinity of the area of the European Union?Yes or no. Edited April 15, 2016 by sPinwheel Quote Link to comment Share on other sites More sharing options...
CunningPlan Posted April 15, 2016 Share Posted April 15, 2016 I notice the BBC kept saying mortgage rates may go up. Do they mean interest rates or are the two now totally disconnected? Quote Link to comment Share on other sites More sharing options...
XswampyX Posted April 15, 2016 Share Posted April 15, 2016 500,000 people in the UK will die if we exit the EU! But 500,000 people will die if we stay in.... Or 500,000 will die anyway. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted April 15, 2016 Share Posted April 15, 2016 This fearorism worked on the Jocks Quote Link to comment Share on other sites More sharing options...
workingpoor Posted April 15, 2016 Share Posted April 15, 2016 This fearorism worked on the Jocks It did indeed, they closed the shipyard in Portsmouth down and shipped the work up to the Glasgow yards as a sweetener. With the veiled threat that it would all be taken away again if Scotland voted for indepenence. Quote Link to comment Share on other sites More sharing options...
workingpoor Posted April 15, 2016 Share Posted April 15, 2016 (edited) I noticed the other main headline news tonight is a terrorism "bust" in Birmingham that was only achieved "thanks to co-operation between european intelligence agencies in Belgium, France & MI5" News stressed that no charges have been made. Edited April 15, 2016 by workingpoor Quote Link to comment Share on other sites More sharing options...
zugzwang Posted April 15, 2016 Share Posted April 15, 2016 And if mortgage rates don't go up from these historical lows, Mr Osborne? What does that say about the broader economic picture? About the labour market and wages? About your endlessly vaunted 'recovery'? Quote Link to comment Share on other sites More sharing options...
council dweller Posted April 15, 2016 Share Posted April 15, 2016 Well this country has a tremendous record of standing up to bullies.....second to none. (think Spanish Armada and WW2 etc.) And all we have to do is to put a cross in the correct box......no one will know ! Quote Link to comment Share on other sites More sharing options...
Maynardgravy Posted April 15, 2016 Share Posted April 15, 2016 And where the feck is the base rate supposed to be George? You make it sound like what we have is normal. Quote Link to comment Share on other sites More sharing options...
LiveinHope Posted April 15, 2016 Share Posted April 15, 2016 (edited) I take it to mean he thinks the vote will be to leave Since then, he has laid the foundations to blame the forthcoming inevitable rise in interest rates, Brexit or not, upon Brexit Edited April 15, 2016 by LiveinHope Quote Link to comment Share on other sites More sharing options...
nnails Posted April 15, 2016 Share Posted April 15, 2016 The problem is no one believes word any of them say now. Quote Link to comment Share on other sites More sharing options...
long time lurking Posted April 15, 2016 Share Posted April 15, 2016 And when did the Canadian tw@t last say rates would stay low until 2019 ..o yea it was yesterday Quote Link to comment Share on other sites More sharing options...
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