Thursday, June 9, 2011

Tenants unaffected by fuel price hikes

Relief for homeowners facing utilities bills price hike as interest rates are kept at 0.5%

Interest rates have been held at their record low of 0.5 per cent, providing relief for home owners who face rising utilities bills. The Bank of England kept rates at their lowest ever level for the 27th month in a row - and economists expect an increase to be delayed because of poor growth in the economy. It comes after Scottish Power announced an average hike of nearly £200 in annual power bills earlier this week.

Posted by mark wadsworth @ 04:36 PM (2499 views)
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17 thoughts on “Tenants unaffected by fuel price hikes

  • Feeling marginalised, mw?

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  • Interest rate rises postponed until next year then.

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  • @2

    For all the blather and arrogance, this country has no control over it’s rate setting anymore. There’s a lot of whinging here about the fact – but they won’t move because they can’t. It’ll only happen when forced. Get over it. Tough times.

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  • Daily Mail: Relief for homeowners facing utilities bills price hike asbecause interest rates are kept at 0.5%

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  • Above should read because interest rates are kept at 0.5%

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  • @3

    Que Sera Sera

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  • mark wadsworth says:

    @ Dill, no I’m not feeling marginalised, whenever have I whined about my personal situation?

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  • @7

    Never, and I honour you for it. It’s just necessary to be mindful that there are many who have no choice.

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  • @6 “Que Sera Sera”

    You put your life in their hands?

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  • Until someone asks me to sit on the BoE monetary committee I guess I do.

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  • @10

    Play the system. Fear the system. Beware the system.

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  • By keeping interest rates low, they are removing all spending capacity from the economy, because everyone else is heavily in debt.

    The high street will be in recession for years and the decline will continue.

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  • peter_2008 says:

    Oh, the sweet irony.

    Homeowners are facing utilities bills price hike BECAUSE interest rates are kept at 0.5%, so inflation and currency devaluation makes everything else more expensive.

    BoE knows one way or the other people will get fxcked, so why would they want to dirt their hands? It’s so much easier to pretend it’s all “external pressure”.

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  • @12

    The virtual end of consumerism in Britain. It’s a genuine stated aim of those that govern us.

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  • Mark Wadsworth says:

    @ Dill 8, for sure, I will whine and moan on behalf of the Priced Out Generation, because I have children and I think how much shi1ttier things will be for them than they were for me, but not on my own account. I’m not an artist starving in a garret or anything.

    @ Peter 13, fair point, but the Mail today was quite correct to say that a large part of electricity price increases is down to EU Greenie tomfoolery.

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  • sibley's b'stard child says:

    Relief for homeowners? That’s rather disingenuous, I can’t see too many mortgage holders benefiting from this.

    Still, as a tenant, just as well i’m not liable for the utility bills. No, wait, hang on…

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  • This is old news!
    The BoE interest rates are bogus and effectively negative, they do not reflect street price rises, especially for imports.

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