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Realistbear

Lloyds-t S B Poll:consumers Are Beginning To Brace For Higher I R

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http://www.telegraph.co.uk/money/main.jhtm.../12/ixcity.html

Public resigned to rate rise says bank

By Caroline Muspratt (Filed: 12/06/2006)

Consumers are bracing themselves for a rise in interest rates over the next 12 months, according to the most recent consumer barometer from Lloyds TSB Financial Markets.
Two thirds of those surveyed in May said they expected interest rates to rise during the coming year, the
highest since April 2005
. That compares with 59pc in April. Just 7pc believed rates were likely to fall in the next 12 months, Lloyds TSB Financial Markets said.
Mr Williams said: "Expectations about job security are also weaker." Among those surveyed, 25pc said they felt their job was less secure than 12 months ago, while
42pc said they thought employment prospects in the UK were worse than a year earlier.

What are some practical ways "consumers" can brace themselves for the coming change in the IR cycle?

1. Dispose of IR sensitive assets

2. Go lite on stocks

3. Do not commit to IR sensitive investments

4. Keep plenty of cash on hand if unemployment is a threat

5. Put off major purchases such as cars as IR hikes will depress the market

To be forewarned is to be forearmed.

Edited by Realistbear

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  • 338 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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