Tuesday, April 5, 2011

Tenants unaffected by oil price rises: Shock

Oil prices hit all-time high in Britain (and that means bad news for motorists - and possibly for homeowners)

More Homey DoubleThink, and they're missing no opportunity to turn the screws: "Paul Horsnell, head of commodities research at Barclays Capital in London, says British drivers have to cope with the the weakening pound, the rising cost of oil and higher petrol taxes: 'All together, it is a very large impact.' The record prices will fuel the debate at the MPC's rate-setting meeting this week. There have been a growing number of MPC members voting for a rise in rates over recent months in light of rising inflation." "

Posted by mark wadsworth @ 12:19 PM (1100 views)
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2 thoughts on “Tenants unaffected by oil price rises: Shock

  • I hate to say it, but this has nothing to do with interest rates now. Things have moved on.

    People are not overspending through choice. What we are seeing is the result of currency debasement, destructive speculation, a strain

    on the supply of resources and engineered wars.

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  • As per usual, it’s all our fault.

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