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Darling Worried About Fixed-rate Mortgages

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http://uk.reuters.com/article/domesticNews...336727520070703

"What is obviously a concern to me is that when people come off a rate that was maybe fixed two years ago, and I suspect there are a lot of people on two year mortgages, they will now come out of that, and they will then find that the rate has gone up," Darling was quoted by Wednesday's Financial Times as saying

You couldn't make it up!

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"What is obviously a concern to me is that when people come off a rate that was maybe fixed two years ago, and I suspect there are a lot of people on two year mortgages, they will now come out of that, and they will then find that the rate has gone up," Darling was quoted by Wednesday's Financial Times as saying

Oh really, darling? I hadn't considered that! (in best Blackadder IV voice)

_374343_captain_darling.jpg

post-5211-1183571821_thumb.jpg

Edited by DrBob

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What is obviously a concern to me is that when people come off a rate that was maybe fixed two years ago, and I suspect there are a lot of people on two year mortgages, they will now come out of that, and they will then find that the rate has gone up

You don't say.

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Guest Winnie
Oh really, darling? I hadn't considered that! (in best Blackadder IV voice)

_374343_captain_darling.jpg

It couldn't get more funny really...esp as GB is a Scots presbyterian Stephen Fry (nb they are mates).

GB: Darling

AD: Yes Sir

GB: Status Quo you understand

AD: What the Princess Di Concert?

GB: No Darling, sub prime Rocking all over the World.. d'ya understand.......

AD: Yes Darling....... :P

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Guest Bart of Darkness
"What is obviously a concern to me is that when people come off a rate that was maybe fixed two years ago, and I suspect there are a lot of people on two year mortgages, they will now come out of that, and they will then find that the rate has gone up,"

Quick, create a new Cabinet post.

Minister for Stating the Bleedin' Obvious.

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What is obviously a concern to me is that when people come off a rate that was maybe fixed two years ago, and I suspect there are a lot of people on two year mortgages, they will now come out of that, and they will then find that the rate has gone up

You don't say.

.....look,whose fault is it.

The numpties should have considered that when they bought.DUE DILIGENCE SADLY LACKING.

...the longer the government or the public put off taking the medicine,the more painful the ailment gets.

NOW BE GOOD AND SAY AAAHH......HERE COMES THE CHOO CHOO TRAIN,OPEN WIDE!!! :lol::lol::lol:

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Is he trying out for some political version of Spinal Tap?

"What is obviously a hot issue for me, is that when people visit Italy on a cheap no-frills carbon-un-neutral flight, I suspect there are a lot of people who may get to visit the Vatican, and they will then find that the Pope is, in actual fact, a catholic. I think, perhaps, the Vatican could have more diversity."
"Of course, another concern to me is that when people go to foods wear bears live, I suspect there are a lot of people who will notice bear excrement in the woods. They will now come out of that experience, and they will then discover that bears actually shit in the woods. I urge those authorities who oversee woods with bears to install bear toilets as this is a major issue as what I've just found out."
"What is obviously a concern to me is that I'm now the Chancellor or something or other and when people realise I know sod all about anything, like those people that can't afford homes and that, they will now come out and say, y'know, 'He's a complete dick' or something. At least that's my fear."

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"What is obviously a concern to me is that when people come off a rate that was maybe fixed two years ago, and I suspect there are a lot of people on two year mortgages, they will now come out of that, and they will then find that the rate has gone up," Darling was quoted by Wednesday's Financial Times as saying

There, there, you poor darling!

I'm afraid he's rather like the lamb to the slaughter. Thrust into the post of chancellor at the onset of a giant credit crunch, and soon to suffer a painfully drawn-out house price crash, recession and sterling crisis.

The funniest bit about his naive comment is that he chose to make it to the Financial Times!

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In other words he wants the banks to offer negative real interest rates in order to prolong the debt-driven boom...

The whole thrust of the government and BOE now will be towards prolonging the boom. At least until the election. If the BOE put the interest rates up tomorrow, it will be a big sign that they are very worried about inflation.

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i wonder is his maths any better than Gordies or was he specially picked to be the 'patsy'.

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What a dick head. If people wanted more security on their mortgage rates they would go for 5, 10 year mortgages.

Many haven't, so what? Their decision and their responsibility.

Edited by OzzMosiz

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Give him a chance - "he's only been in the job for 5 days"
That's going to haunt him forever isn't it :lol:

And Matthew Paris pointed out that Gordon had been in the job for 7 days, not 5, which is further proof that Gordon isn't very good with numbers.

Edited by Bearback

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And Matthew Paris pointed out that Gordon had been in the job for 7 days, not 5, which is further proof that Gordon isn't very good with numbers.

How does he know? Has Parris been on the job with Gordon? Now that would give the Telegraph readership the biggest gossip food since John Major and 'back to basics'...

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and you know what - he is right.

A woman at my work (someone who I thought was entirely sensible) was talking today about how her mortgage payments were going to nearly double. She bought a new place 2/3 years ago and presumably had a great deal then and has now moved to a far less great deal now.

Her and her husband can afford it but it is going to knock back their spending, she was worried about it and they can't be the only ones - enough in that situation and consumer spending HAS to take a hit.

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