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Once in a lifetime

Homeowners Expected To Pay £1.3bn Bill

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It is estimated that British homeowners will find themselves paying an extra £1.3billion per annum (which calculates roughly at an extra £110 a month in payments)

as a result of mortgage lenders’ increased profit margins in an attempt to recover some of their losses which have arisen as the result of bad debts.

http://www.thriftyscot.co.uk/032008/homeow...ge-lenders.html

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In order to do this the Bankrupt of England have to pass a sweetener to the banks so that real rates do not get so high that the mortgages become unpayable - this sweetener is either buying the crud off the banks and getting the taxpayer to foot the bill of dropping rates and err getting the taxpayer to foot the bill in other ways.

Bottom line is that the banks get the bailout the taxpayer gets the higher taxes, the liabilities, and the inflation eroding their assets and their wages.

They won't be any better off as a result. As is usual pretty much the only beneficiaries are the first users of debt - the banks.

As a result it is not worth investing in anything else in the UK (the banks are so far in the hole they are not worth it either) - unless you want to be set up for a fool, even if a company does well inflation will wipe out normal type gains.

Total economics, total driving of the economy via cheap money, total dross.

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  • 292 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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