Monday, May 28, 2012

It’s all about the interest rates

Embattled British high street will struggle with effects of recession until 2020

"The economists expect Bank of England interest rates, the foundation for mortage costs, to climb to 4-5pc by 2015, leading to a quadrupling in the percentage of household disposable income going towards debt interest payments to 3.2pc."

Posted by wdbeast @ 11:04 AM (1503 views)
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7 thoughts on “It’s all about the interest rates

  • righttoleech says:

    I have no confidence in the doggeral of anyone named ‘Goodwin’

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  • He failed to mention interest rate rises – at some point (but probably when he thinks the high street will recover in 2014)

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  • mark wadsworth says:

    Weird. There is no reason to assume that the BoE will increase base rates, or that this has anything to do with actual interest payable by borrowers, further, the 3.2% number is miles off. On average, UK households spend about 10% of their disposable income on debt interest anyway (there’s a margin of error here, but it sure as heck is a lot more than 3.2% or 0.8%).

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  • The Telegraph comments section together with Mr Wadsworth’s above contribution suggests E&Y item club are talking garbage.

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  • So then, how about cutting or getting rid of VAT? You won’t collect much if all the shops shut.

    OH, I FORGOT, you let all industry leave our shores due to all the regulations, inflation, taxes, etc so no longer earn enough from excise taxes, and introduced VAT to make up for the lack of industry.

    Well, JACK, hows about we VAT retail out of business also. Yea, that would be wise, then we’ll tax all the carbon production and tax farting cows, but hey, what about when everybody leaves and nobody farms or does anything anymore. You want to destroy things? You want to rip off the public? Well, you want destruction, you’ve got it. Welcome to the New World Order, despots ruling over a pile of rubble and bones.

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  • Son Of Taeper says:

    Low interest rates are good at the moment imo.
    I would argue they are still higher than need be.
    Growth stimulation is key I think.

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  • @Libertas “tax farting cows”

    Have you taken a lesson from my vocabulary?

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