Zzzzzzzzzzzzzzzzzzzzzzzzzz Posted September 17, 2021 Share Posted September 17, 2021 https://www.ft.com/content/eb23375d-7219-4b22-a8a7-3060cd848163 "The spectre of higher inflation — and rising interest rates — is concerning Sunak" Quote Link to comment Share on other sites More sharing options...
IMHAL Posted September 17, 2021 Share Posted September 17, 2021 (edited) 37 minutes ago, gruffydd said: https://www.ft.com/content/eb23375d-7219-4b22-a8a7-3060cd848163 "The spectre of higher inflation — and rising interest rates — is concerning Sunak" Sunak to bring in new measures to reign in borrowing. LOL. Talk about shutting the stable door after the horse has bolted, gone over the next paddock, took a jump, cleared the earths atmosphere and is now making it's way past the kyper belt. Edited September 17, 2021 by IMHAL Quote Link to comment Share on other sites More sharing options...
Zzzzzzzzzzzzzzzzzzzzzzzzzz Posted September 17, 2021 Author Share Posted September 17, 2021 1 hour ago, IMHAL said: Sunak to bring in new measures to reign in borrowing. LOL. Talk about shutting the stable door after the horse has bolted, gone over the next paddock, took a jump, cleared the earths atmosphere and is now making it's way past the kyper belt. about right lol! Quote Link to comment Share on other sites More sharing options...
dugsbody Posted September 17, 2021 Share Posted September 17, 2021 I'm looking for some information on inflation in the UK. Is anyone able to direct me to a thread about it? TIA. Quote Link to comment Share on other sites More sharing options...
btd1981 Posted September 17, 2021 Share Posted September 17, 2021 (edited) 2 hours ago, IMHAL said: Sunak to bring in new measures to reign in borrowing. LOL. Talk about shutting the stable door after the horse has bolted, gone over the next paddock, took a jump, cleared the earths atmosphere and is now making it's way past the kyper belt. And he and his mates were the ones that rammed the carrot up its exhaust pipe in the first place... Edited September 17, 2021 by btd1981 Quote Link to comment Share on other sites More sharing options...
Save me from the madness! Posted September 17, 2021 Share Posted September 17, 2021 Is this the same sort of concern the Bank of England has for house price inflation when it talks about really thinking hard about raising interest rates? Quote Link to comment Share on other sites More sharing options...
Social Justice League Posted September 17, 2021 Share Posted September 17, 2021 Raising interest rates is the answer that Sunak needs, but it's not the answer for over indebted fookwits. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 17, 2021 Share Posted September 17, 2021 21 minutes ago, Social Justice League said: Raising interest rates is the answer that Sunak EVERYONE needs. The over indebted can ho bankrupt and never hopefully make the same mistake again. Quote Link to comment Share on other sites More sharing options...
Social Justice League Posted September 17, 2021 Share Posted September 17, 2021 1 minute ago, TheCountOfNowhere said: The over indebted can ho bankrupt and never hopefully make the same mistake again. Exactly. Everyone knows what's needed. IR's at at least 6%. Quote Link to comment Share on other sites More sharing options...
wighty Posted September 17, 2021 Share Posted September 17, 2021 Get your 1% 5year mortgage fix in quick Quote Link to comment Share on other sites More sharing options...
winkie Posted September 17, 2021 Share Posted September 17, 2021 Sorry but if anyone can no longer afford their indebtedness due to higher interest rates on any excess property they hold they can sell it.....a huge weight off their shoulders, nobody is forced to own more than one home. I think though it is not the people's debt they are that worried about, it is the increased cost of the high national debt that has been incurred to help keep the show on the road, the volume of extra money pushed into the economy that causes inflation, the extra debt to pay that has an indirect impact on all of us......higher import prices, weakening pound. Quote Link to comment Share on other sites More sharing options...
Greater Fool Posted September 17, 2021 Share Posted September 17, 2021 Which tax is Sunak going to increase to slash borrowing? The last tax rise didn't exactly go down well with the voters. Quote Link to comment Share on other sites More sharing options...
Save me from the madness! Posted September 17, 2021 Share Posted September 17, 2021 He's frozen an increase in allowances for income tax for 5 years. Higher Income Child Benefit Charge was launched in Jan 2013 and hasn't increased since, coming up to the best part of a decade now and no chance of that increasing anytime soon either. We know council tax will increase above the official inflation figure as it does every year apart from the rare years a forced freeze is in place. Perhaps VAT is the only major tax that hasn't been increased 😉 Quote Link to comment Share on other sites More sharing options...
Si1 Posted September 17, 2021 Share Posted September 17, 2021 11 minutes ago, Tiger131 said: Which tax is Sunak going to increase to slash borrowing? The last tax rise didn't exactly go down well with the voters. I have a possible theory that the NI hike was intended to poke the hornet's nest of indignation at soaking the poor, so when higher taxes are applied to the rich in the autumn they don't have any grounds for complaint. maybe Quote Link to comment Share on other sites More sharing options...
Greater Fool Posted September 17, 2021 Share Posted September 17, 2021 (edited) 9 minutes ago, Si1 said: I have a possible theory that the NI hike was intended to poke the hornet's nest of indignation at soaking the poor, so when higher taxes are applied to the rich in the autumn they don't have any grounds for complaint. maybe It's not that easy to raise a lot of money just targeting the "rich". First of all there aren't that many really rich people around, secondly where is the dividing line between the masses and the rich, what is being rich, having 1+ million in a cash bank account, 7 BTLs etc. etc? That's why they love increasing taxes on employment income, it's very easy to do. Edited September 17, 2021 by Tiger131 Quote Link to comment Share on other sites More sharing options...
Trump Invective Posted September 17, 2021 Share Posted September 17, 2021 https://www.ft.com/content/f5849bfe-00a8-4ea0-a6cf-70f34655d484 Don't panic!! Quote Link to comment Share on other sites More sharing options...
Greater Fool Posted September 17, 2021 Share Posted September 17, 2021 2 minutes ago, Trump Invective said: https://www.ft.com/content/f5849bfe-00a8-4ea0-a6cf-70f34655d484 Don't panic!! Do panic you mean. Quote Link to comment Share on other sites More sharing options...
Bluestone59 Posted September 17, 2021 Share Posted September 17, 2021 5 hours ago, TheCountOfNowhere said: The over indebted can ho bankrupt and never hopefully make the same mistake again. I've been an over indebted fookwit in my time. They don't make you bankrupt. You have to do it if you want that. Last I heard its court fee was increased from a nominal amount to £750 a pop as lots were doing it. Btw I didn't but I knew some who did. Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted September 17, 2021 Share Posted September 17, 2021 10 hours ago, IMHAL said: Sunak to bring in new measures to reign in borrowing. LOL. Talk about shutting the stable door after the horse has bolted, gone over the next paddock, took a jump, cleared the earths atmosphere and is now making it's way past the kyper belt. Yes, the horse has already been eaten and is half way round the U-Bend, these guys are a laugh if nothing else. Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted September 17, 2021 Share Posted September 17, 2021 8 hours ago, dugsbody said: I'm looking for some information on inflation in the UK. Is anyone able to direct me to a thread about it? TIA. https://forums.moneysavingexpert.com/discussion/6290656/struggling-to-sell-london-flat#latest Quote Link to comment Share on other sites More sharing options...
Mikhail Liebenstein Posted September 17, 2021 Share Posted September 17, 2021 7 hours ago, Social Justice League said: Exactly. Everyone knows what's needed. IR's at at least 6%. Yeah, I can afford that, having paid my mortgage down early. Might f*^% FTBs. Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted September 18, 2021 Share Posted September 18, 2021 9 hours ago, Mikhail Liebenstein said: Yeah, I can afford that, having paid my mortgage down early. Might f*^% FTBs. Might? Quote Link to comment Share on other sites More sharing options...
Speed1987 Posted September 18, 2021 Share Posted September 18, 2021 (edited) 18 hours ago, winkie said: Sorry but if anyone can no longer afford their indebtedness due to higher interest rates on any excess property they hold they can sell it.....a huge weight off their shoulders, nobody is forced to own more than one home. I think though it is not the people's debt they are that worried about, it is the increased cost of the high national debt that has been incurred to help keep the show on the road, the volume of extra money pushed into the economy that causes inflation, the extra debt to pay that has an indirect impact on all of us......higher import prices, weakening pound. Why they are also very unlikely to raise rates as the burden on government debt would increase. If anything, they are likely to lower the base rate. They spent, spent and spent some more, they knew this would happen. It was all to allow inflation and then push up wages, to erode debt. This is just a signal to the market's, that we will become fiscally responsible again. Edited September 18, 2021 by Speed1987 Quote Link to comment Share on other sites More sharing options...
Pop321 Posted September 18, 2021 Share Posted September 18, 2021 22 hours ago, gruffydd said: https://www.ft.com/content/eb23375d-7219-4b22-a8a7-3060cd848163 "The spectre of higher inflation — and rising interest rates — is concerning Sunak" 22 hours ago, IMHAL said: Sunak to bring in new measures to reign in borrowing. LOL. Talk about shutting the stable door after the horse has bolted, gone over the next paddock, took a jump, cleared the earths atmosphere and is now making it's way past the kyper belt. Phew, at least Sunak has his finger on the pulse and starting to worry about inflation. In a couple of years he might even be suggesting that maybe interest rates should rise. Then in 5 years time maybe a couple of BoE pricing members may have voted for an increase giving clear signals ‘to the market’. Rates will only rise when it’s thrust upon them….the world collaboration on pumping money has never been so strong. It will take something non financial to create a real political break and then maybe an outlier will increase rates and the cards will tumble. Could be a month, could be a decade… Sit back and enjoy the many vanilla statements in the meantime that will come from government and enjoy the NI rise. Quote Link to comment Share on other sites More sharing options...
winkie Posted September 18, 2021 Share Posted September 18, 2021 12 hours ago, dances with sheeple said: https://forums.moneysavingexpert.com/discussion/6290656/struggling-to-sell-london-flat#latest Ha.....slash borrowing, surely when buying should also have to consider who will buy it when plan to sell, how they can buy it and most importantly why would they want to buy it. Quote Link to comment Share on other sites More sharing options...
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