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Times: Bankers Will Shoulder The Blame

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http://www.timesonline.co.uk/article/0,,2-2298719,00.html

"THE most immediate consequence of the bank base rate rise to 4.75 per cent yesterday could be fewer treats for children during the rest of their summer holidays. Any aggrieved by their parents’ sudden stinginess about ice-creams and fizzy drinks can blame the members of the Bank of England’s Monetary Policy Committee (MPC) for making mothers and fathers feel poorer....."

This is classic. Forget the 'big issues', how could the MPC treat children so unfairly. :lol::lol::lol:

AFP

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Just use that extra wealth to pay the extra interest - should more than cover the difference.

Indeed: it's only 0.25%, they can just MEW to pay the extra mortgage interest.

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Amazing that people are getting so upset about this; we're only talking about an extra £250 p/a or £20 p/m per £100,000 mortgage.

Of course what people are really worried about is if this is part of a trend, if rates go up to 5.5% then that's an extra £1,000 p/a.

Are families budgets really that tight?

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Amazing that people are getting so upset about this; we're only talking about an extra £250 p/a or £20 p/m per £100,000 mortgage.

Of course what people are really worried about is if this is part of a trend, if rates go up to 5.5% then that's an extra £1,000 p/a.

Are families budgets really that tight?

Aparently,

Andrew Scott, of Lane Fox, the estate agents, says that this type of individual will barely notice the additional cost: “It’s about the same as he spends on fresh flowers every month.”

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http://www.timesonline.co.uk/article/0,,2-2298719,00.html

"THE most immediate consequence of the bank base rate rise to 4.75 per cent yesterday could be fewer treats for children during the rest of their summer holidays. Any aggrieved by their parents’ sudden stinginess about ice-creams and fizzy drinks can blame the members of the Bank of England’s Monetary Policy Committee (MPC) for making mothers and fathers feel poorer....."

This is classic. Forget the 'big issues', how could the MPC treat children so unfairly. :lol::lol::lol:

AFP

Bank of England solving the current obesity crisis in juveniles too.

Well done that bank.

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As said before, it's not so much the figure involved as the sentiment affected by feeling that rates may be on the up and where will they stop? This alone can make many batten down the financial hatches and put off certain decisions. Like offering full price on that house. :D As for the kids losing out on treats, it's about time the attention-grabbing ankle biters lost a bit of weight anyway! the poor luvs won't be getting that £425 PS3 when it comes out after all..

Edited by Badger

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Aparently,

Andrew Scott, of Lane Fox, the estate agents, says that this type of individual will barely notice the additional cost: “It’s about the same as he spends on fresh flowers every month.”

:lol: that's a cracker! :lol:

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http://www.timesonline.co.uk/article/0,,2-2298719,00.html

"THE most immediate consequence of the bank base rate rise to 4.75 per cent yesterday could be fewer treats for children during the rest of their summer holidays. Any aggrieved by their parents’ sudden stinginess about ice-creams and fizzy drinks can blame the members of the Bank of England’s Monetary Policy Committee (MPC) for making mothers and fathers feel poorer....."

This is classic. Forget the 'big issues', how could the MPC treat children so unfairly. :lol::lol::lol:

AFP

It's here too:

'I've booked it but I just don't know where the holiday money will come from' , telegraph.co.uk

Treats I would have bought for the children and their friends are now off the list because we can't afford them.

The rest of the article just makes your heart bleed for this "young family":

her husband, who is chief executive of a software company, ... having to curtail their social life and cut back on luxuries ... remortgaged their five-bedroomed detached home ... As a housewife the main thing I do to save money is limit the number of shopping trips I make ... We like entertaining .... We have a thirsty car ... I have just booked next year's holiday to Florida.

Rate rises are simply beastly and I won't hear of them, do you hear me?! (stamps foot)

Edited by Sledgehead

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That is absolutely classic. Apparently "it is not all about luxuries..."

But, aren't these ALL avoidable luxuries?

"...We have a thirsty car..." - Buy a smaller, more fuel efficient car.

"...I have just booked next year's holiday to Florida..." - Go somewhere cheaper.

"...every time we want to have a party..." - Socialise less.

"...Treats I would have bought for the children..." - Do the above and spoil the kids.

And not forgetting the five-bedroomed detached home - Move somewhere smaller/cheaper/less posh.

If you can't afford it, don't do/buy it.

Edited by HPCheese

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That is absolutely classic. Apparently "it is not all about luxuries..."

But, aren't these ALL avoidable luxuries?

"...We have a thirsty car..." - Buy a smaller, more fuel efficient car.

"...I have just booked next year's holiday to Florida..." - Go somewhere cheaper.

"...every time we want to have a party..." - Socialise less.

"...Treats I would have bought for the children..." - Do the above and spoil the kids.

And not forgetting the five-bedroomed detached home - Move somewhere smaller/cheaper/less posh.

If you can't afford it, don't do/buy it.

All superb points. The sums just don't add up do they!

3 days ago = EA's happy, VI's happy, government stats happy.

1 day ago = Ask average family to pay extra £20 per month

Today = Oh Fu#$, how are we going to survive.

Absolutely amazing. Just shows the frightening lack of financial education in the UK and the borderline survivor debt culture that is rampant.

AFP

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I think I can identify some more savings:

"...We have a thirsty car..." - Sell the car and buy bikes

"...I have just booked next year's holiday to Florida..." - Holiday in the UK or don't bother.

"...every time we want to have a party..." - Stay at home/Visit your "friends" for a change

"...Treats I would have bought for the children..." - Teach the kids that the best things are free/money doesn't grow on trees

" five-bedroomed detached home" - STR or just rent

Yes - it's not nice (but life ain't). Mind you - they do have my sympathies living near Stafford. :D

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  • 301 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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