Interest rates up 0.5%!

[North Cardiff Blue]

Tough times if you have stretched your mortgage and not fixed or are coming out of a fixed rate in the next 12 months!

https://www.bbc.co.uk/news/business-62408868

[Doucas]

Re: Interest rates up 0.5%!

I'm 33 now, since I've been an adult I've never known a good economy. Is this really the best we can do? The tories are economically illiterate, you're a fool if you believe otherwise.

[Eric the Half a Bee]

Re: Interest rates up 0.5%!

I'm 33 now, since I've been an adult I've never known a good economy. Is this really the best we can do? The tories are economically illiterate, you're a fool if you believe otherwise.

Don't be silly, mun. We're still paying for the fact Labour screwed the world economy in 2008.

[the other bob wilson]

Re: Interest rates up 0.5%!

Don't be silly, mun. We're still paying for the fact Labour screwed the world economy in 2008.

Think the winter of discontent has got something to do with the problems the country is having currently as well.

[North Cardiff Blue]

Re: Interest rates up 0.5%!

I'm 33 now, since I've been an adult I've never known a good economy. Is this really the best we can do? The tories are economically illiterate, you're a fool if you believe otherwise.

Have you ever heard of Covid?

Are there Torries in America?

https://www.bbc.co.uk/news/business-61804877

US makes biggest interest rate rise in almost 30 years

Are the Torries in Europe ?

https://www.bbc.co.uk/news/business-62240730

Eurozone raises interest rates for first time in 11 years

You can't shut the World down for two years and expect everything to be hunky dory!

[Citizen's Nephew]

Re: Interest rates up 0.5%!

meanwhile.......Exxon Mobil made $18bn in profits in the past three months. Shell and Chevron each made nearly $12bn. Those are all record numbers.

[jon1959]

Re: Interest rates up 0.5%!

Have you ever heard of Covid?

Are there Torries in America?

https://www.bbc.co.uk/news/business-61804877

US makes biggest interest rate rise in almost 30 years

Are the Torries in Europe ?

https://www.bbc.co.uk/news/business-62240730

Eurozone raises interest rates for first time in 11 years

You can't shut the World down for two years and expect everything to be hunky dory!

Are Torries the same as 'bogg trotters'?

[Citizen's Nephew]

Re: Interest rates up 0.5%!

Have you ever heard of Covid?

Are there Torries in America?

https://www.bbc.co.uk/news/business-61804877

US makes biggest interest rate rise in almost 30 years

Are the Torries in Europe ?

https://www.bbc.co.uk/news/business-62240730

Eurozone raises interest rates for first time in 11 years

You can't shut the World down for two years and expect everything to be hunky dory!

....and yet, the Tories blamed Labour in 2008. Weird huh? It's almost like, what's the word?....oh yeah, hypocrisy.

[EastbourneBlue]

Re: Interest rates up 0.5%!

meanwhile.......Exxon Mobil made $18bn in profits in the past three months. Shell and Chevron each made nearly $12bn. Those are all record numbers.

The rich get richer and the poor get poorer. Beautiful capitalism

[JamesWales]

Re: Interest rates up 0.5%!

I'm 33 now, since I've been an adult I've never known a good economy. Is this really the best we can do? The tories are economically illiterate, you're a fool if you believe otherwise.

Usual (mis)interpetation of the situation from Doucus, and usual insult aimed at anyone who thinks differently.


If only the economy was as predictable.

[the other bob wilson]

Re: Interest rates up 0.5%!

Have you ever heard of Covid?

Are there Torries in America?

https://www.bbc.co.uk/news/business-61804877

US makes biggest interest rate rise in almost 30 years

Are the Torries in Europe ?

https://www.bbc.co.uk/news/business-62240730

Eurozone raises interest rates for first time in 11 years

You can't shut the World down for two years and expect everything to be hunky dory!

True, but why is it that the UK is predicted to have the lowest growth rate out of the G20 apart from Russia?

https://www.newstatesman.com/chart-of-the-day/2022/06/uk-economic-growth-slower-every-g20-russia

[Citizen's Nephew]

Re: Interest rates up 0.5%!

Are Torries the same as 'bogg trotters'?

I might create some 3D game creatures for a survival horror RPG and call them Torries!

[JamesWales]

Re: Interest rates up 0.5%!

True, but why is it that the UK is predicted to have the lowest growth rate out of the G20 apart from Russia?

https://www.newstatesman.com/chart-o...ery-g20-russia

There is no good news around for anyone, but you needs to look at ACTUAL data, rather than predictions.

Usual real data, The UK currently has the second highest growth in the G20.

https://tradingeconomics.com/country-list/gdp-annual-growth-rate

This of course is linked to the previous anaemic growth, but so too must future growth (or lack thereof) be compared to the more rapid growth mentioned above. All economies are on slightly different cycles following Covid.

The reality is, there is very little good news around for anyone

[Nobody's Rep]

Re: Interest rates up 0.5%!

Usual (mis)interpetation of the situation from Doucus, and usual insult aimed at anyone who thinks differently.


If only the economy was as predictable.

Absolutley the economy is unpredictable but I gave up on politics of any colour years ago because of the vacuous empty promises that they would trot out in manifestos and subsequent speeches that must have been signed off by Walt Disney

The reality is politicians in the main are in it for themselves and no one else and a % are getting extremely rich off the majorities misery and they are only concerned with self preservation

There is no integrity transparency or legitimacy in politics anymore