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Thread: Interest rates up 0.5%!

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  1. #1

    Re: Interest rates up 0.5%!

    Quote Originally Posted by goats View Post
    Is Netflix, at what 8.99 a month actually deemed a luxury these days? It’s less than 2 pints in a pub…..some saving if you ditch it, that £100 a year….
    I have that sorted, got my daughter to pay for it so its free for me

  2. #2

    Re: Interest rates up 0.5%!

    Quote Originally Posted by Doucas View Post
    I don't know why people are ignoring this fact and just denying that financially selfish older generations have ****ed younger ones over big time.
    as Mike Rutherford once sang, Every generation, Blames the one before ( always knew at some point in my life I could use that , today is the day )

    its not a new thing, I can remember the old boys on site when I was a apprentice blaming the last generation for this and that

  3. #3

    Re: Interest rates up 0.5%!

    Quote Originally Posted by blue matt View Post
    as Mike Rutherford once sang, Every generation, Blames the one before ( always knew at some point in my life I could use that , today is the day )

    its not a new thing, I can remember the old boys on site when I was a apprentice blaming the last generation for this and that
    Yeah, but I think pretty much being responsible for a 6th extinction event is a bit of a biggie Matt and guarantees nobody will be writing songs about it. https://www.nhm.ac.uk/discover/what-...sixth-one.html

  4. #4

    Re: Interest rates up 0.5%!

    Love to way they apply interest to mortgages but not savings accounts? How is that possible? The banks are the lowest form of on the level are they not?

  5. #5
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    Re: Interest rates up 0.5%!

    Quote Originally Posted by goats View Post
    Love to way they apply interest to mortgages but not savings accounts? How is that possible? The banks are the lowest form of on the level are they not?
    They can do what they like, but yes they always work it in their favour!

  6. #6

    Re: Interest rates up 0.5%!

    Great time for borrowing, not so good for saving.
    When I took out a mortgage onto buy my house in 1987, I got an excellent deal (for then) of 10% fixed - for the term.
    Rates went up to about 16%, but I was sitting pretty.
    Then Black Wednesday happened, and I had to remortgage to get a rate of about 5%.

  7. #7

    Re: Interest rates up 0.5%!

    Didn’t most working class folk reside in well built council housing stock in the 70’s ?

    I thought “right to buy” and the obsession with owning your own home was initiated under Margaret Thatcher ?

    https://www.inkpendownie.co.uk/a-ver...n-the-70s.html

  8. #8
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    Re: Interest rates up 0.5%!

    Quote Originally Posted by TWGL1 View Post
    Didn’t most working class folk reside in well built council housing stock in the 70’s ?

    I thought “right to buy” and the obsession with owning your own home was initiated under Margaret Thatcher ?

    https://www.inkpendownie.co.uk/a-ver...n-the-70s.html
    Right to buy is probably a reason for average house prices being seen as so low at that time, a lot of the sales were ex council houses at a discount, so there was plenty of supply with far less demand, which would have had a knock-on affect to private sales.

    The main problem these days are amateur landlords buying up all the stock that would previously gone to first and second-time buyers, if we can offer an incentive for some of those to sell up we could reduce the problem.

  9. #9

    Re: Interest rates up 0.5%!

    Quote Originally Posted by TWGL1 View Post
    Didn’t most working class folk reside in well built council housing stock in the 70’s ?

    I thought “right to buy” and the obsession with owning your own home was initiated under Margaret Thatcher ?

    https://www.inkpendownie.co.uk/a-ver...n-the-70s.html
    My parents bought our council house in the mid seventies - from what I remember it was as part of a council scheme.

  10. #10

    Re: Interest rates up 0.5%!

    Quote Originally Posted by North Cardiff Blue View Post
    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!
    I'm with you on that. The problem is that the Tories spend half their time telling us how good the economy is and half their time blaming the opposition for how shit it is. Just a bit of honesty would be nice.

  11. #11

    Re: Interest rates up 0.5%!

    Quote Originally Posted by Eric Cartman View Post
    ................................. and half their time blaming the opposition for how shit it is.
    I'm not aware of that. Any examples?

  12. #12
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    Re: Interest rates up 0.5%!

    Quote Originally Posted by Eric Cartman View Post
    I'm with you on that. The problem is that the Tories spend half their time telling us how good the economy is and half their time blaming the opposition for how shit it is. Just a bit of honesty would be nice.
    The economy is not great and the volatility is terrible, there has been five years of Brexit, Covid and the Ukraine War and it has had a nasty affect on all of the economies of the World, but especially us with Brexit in addition to the rest of the problems.

  13. #13

    Re: Interest rates up 0.5%!

    Quote Originally Posted by North Cardiff Blue View Post
    For a start thats America?

    The facts look way out too!

    Seriously you want to forget about this sort of jelousy, you can't help when you are born, but you can decide if you want to make the most out of your life, or constaly moan that life would have been better if this or that had happened.

    Spend less time on here moaning about the torries and get on with your career, crying on here is not going to change anything!
    Mental post. So when I prove things are shit you say 'stop moaning' while people like you repeatedly vote for right wing governments that cause this shitness.

    And back to this jealousy thing, I'm doing alright, many my age aren't, many younger are struggling and the trends aren't getting better.

    I said this last week, I was accused of being jealous at first, then I said I was doing alright and I got called a champagne socialist, so tell me how much wealth should I have before I can complain that things are shit?

  14. #14
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    Re: Interest rates up 0.5%!

    Quote Originally Posted by Doucas View Post
    Mental post. So when I prove things are shit you say 'stop moaning' while people like you repeatedly vote for right wing governments that cause this shitness.

    And back to this jealousy thing, I'm doing alright, many my age aren't, many younger are struggling and the trends aren't getting better.

    I said this last week, I was accused of being jealous at first, then I said I was doing alright and I got called a champagne socialist, so tell me how much wealth should I have before I can complain that things are shit?

    How well are you doing, got your own house in a resonable area?

    If so you are a champagne socialist and they are the worst kind!

  15. #15

    Re: Interest rates up 0.5%!

    Quote Originally Posted by Doucas View Post
    Mental post. So when I prove things are shit you say 'stop moaning' while people like you repeatedly vote for right wing governments that cause this shitness.

    And back to this jealousy thing, I'm doing alright, many my age aren't, many younger are struggling and the trends aren't getting better.

    I said this last week, I was accused of being jealous at first, then I said I was doing alright and I got called a champagne socialist, so tell me how much wealth should I have before I can complain that things are shit?
    It's shameful the way comfortably off people talk down to younger people today or people on benefits or the disabled. It's unhelpful and they're in denial, in exactly the unforgivable way they've been in denial about f*cking up the environment.

    I still cite record billion$ profits by Big Oil. It's still going on. They're still f*cking it up.

  16. #16

    Re: Interest rates up 0.5%!

    Quote Originally Posted by Doucas View Post
    Mental post. So when I prove things are shit you say 'stop moaning' while people like you repeatedly vote for right wing governments that cause this shitness.

    And back to this jealousy thing, I'm doing alright, many my age aren't, many younger are struggling and the trends aren't getting better.

    I said this last week, I was accused of being jealous at first, then I said I was doing alright and I got called a champagne socialist, so tell me how much wealth should I have before I can complain that things are shit?
    You're 33 and moan constantly. You've probably got another 50 odd years of moaning in you. Why don't you go to France or Germany and moan there if you don't like it here so much.

  17. #17

    Re: Interest rates up 0.5%!

    Quote Originally Posted by A Quiet Monkfish View Post
    You're 33 and moan constantly. You've probably got another 50 odd years of moaning in you. Why don't you go to France or Germany and moan there if you don't like it here so much.
    Nice idea, sadly much harder to do that now because some old chumps voted to take the freedom of movement they enjoyed amongst 27 countries away from the following generations

  18. #18

    Re: Interest rates up 0.5%!

    Quote Originally Posted by delmbox View Post
    Nice idea, sadly much harder to do that now because some old chumps voted to take the freedom of movement they enjoyed amongst 27 countries away from the following generations
    Well said! Just one pedantic point, they've taken it away from all of us. It's personally a nightmare for me logistically (as you'll no doubt remember from my spats with James Wales) but yeah,

  19. #19

    Re: Interest rates up 0.5%!

    Quote Originally Posted by delmbox View Post
    Nice idea, sadly much harder to do that now because some old chumps voted to take the freedom of movement they enjoyed amongst 27 countries away from the following generations
    Game, set & match

  20. #20

    Re: Interest rates up 0.5%!

    Quote Originally Posted by delmbox View Post
    Nice idea, sadly much harder to do that now because some old chumps voted to take the freedom of movement they enjoyed amongst 27 countries away from the following generations
    “Some” 17.5 million

  21. #21

    Re: Interest rates up 0.5%!

    Quote Originally Posted by Eric the Half a Bee View Post
    Don't be silly, mun. We're still paying for the fact Labour screwed the world economy in 2008.
    Well in a famous speech, master of the universe chancellor Gordon Brown assured the City Of London that he had ended "boom and bust" which encouraged everyone to borrow and gamble. He also spent like crazy during the good years. And sold off loads of gold reserves at the bottom of the market. So yeah, Labour must take some of the blame.

  22. #22

    Re: Interest rates up 0.5%!

    Quote Originally Posted by the other bob wilson View Post
    The economy was wrecked by a worldwide crash in 2008. The Conservative opposition of that time backed the measures Labour took to stop a run on banks - if Labour did wreck the economy, they did it with the backing of the main opposition parties.
    Gordon Brown sold off all our gold reserves for a start, against everyone's advice and cost the country billions. You try to wriggle your way out of the mess Labour made of the economy by blaming it on a worldwide crash (which was at least partly caused by the actions of a labour government anyway) whilst at the same time blaming the Tories for the recent problems with the economy which have been caused by Covid and a war in Ukraine. Make your mind up. Labour backed most of the measures related to Covid and the war but notably voted against the will of the British people all the time during Brexit.

  23. #23

    Re: Interest rates up 0.5%!

    Quote Originally Posted by dml1954 View Post
    Gordon Brown sold off all our gold reserves for a start, against everyone's advice and cost the country billions. You try to wriggle your way out of the mess Labour made of the economy by blaming it on a worldwide crash (which was at least partly caused by the actions of a labour government anyway) whilst at the same time blaming the Tories for the recent problems with the economy which have been caused by Covid and a war in Ukraine. Make your mind up. Labour backed most of the measures related to Covid and the war but notably voted against the will of the British people all the time during Brexit.
    You’re the one applying one set of rules for Labour and another for the Conservatives - blaming Labour for the worldwide crash in 2008 is ludicrous. All I’ve said about the current crisis is that we seem to suffering more than many comparable countries to us. None of what you say addresses my point that the Conservatives and Lib Dems backed the measures taken by Labour fourteen years ago.

  24. #24

    Re: Interest rates up 0.5%!

    Quote Originally Posted by dml1954 View Post
    Gordon Brown sold off all our gold reserves for a start, against everyone's advice and cost the country billions. You try to wriggle your way out of the mess Labour made of the economy by blaming it on a worldwide crash (which was at least partly caused by the actions of a labour government anyway) whilst at the same time blaming the Tories for the recent problems with the economy which have been caused by Covid and a war in Ukraine. Make your mind up. Labour backed most of the measures related to Covid and the war but notably voted against the will of the British people all the time during Brexit.
    Are there any more topics other than football, economics and politics that you also haven't got a clue about?

  25. #25
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    Re: Interest rates up 0.5%!

    Quote Originally Posted by Eric the Half a Bee View Post
    Are there any more topics other than football, economics and politics that you also haven't got a clue about?
    He's right about the gold, haven't noticed his football knowledge!

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