Interest rates

Monaco
27 May '10

That said, it could be that VAT @ 20%, higher taxes and reduced public spending will be enough to rein in inflation and money can continue to be cheap. I would see the net effect of these as propping the FTSE 100.

Monaco
25 Jun '10

The clue is in the title:
http://citywire.co.uk/new-model-adviser/bank-of-england-warns-on-homeowners-vulnerability-to-rate-hikes/a409673
"if interest rates were to rise to 5% - their long-term average level - British consumers would find themselves just as indebted as they were when the credit crunch hit"
Well, of course! Little has changed, few will have used this opportunity to pay down their debt. Indeed, the sheeple were told that the cheap money was to stimulate consumption. Low equity : high gearing affects a significant number of mortgage borrowers. I suppose this should be on PB's house price crash board!

< First

The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.

Please login to add post or register.

Member Login

Forgotten your password?

Don't have an account? Click here to Register Free!

Datafeed and UK data supplied by NETbuilder and Interactive Data. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.