grizzle
"My thinking is that should the biggest mortgage lender have to re-claim properties, wouldnt this be a bonus for the property company they are creating"
I see your logic, but these two things aren't connected. Lloyds are buying new builds only, usually a significant proportion of each site, sometimes buying off plan.
Individual household repossessions will go through auctions.
I share your frustration with the SP though. I think peace in Ukraine would lift it, not sure what else.
"And the reason for Eurozone inflation being 10.7% is what exactly ?"
Because the eurozone is not a country but an area comprising many countries whose inflation rate varies between 6 and 24%.
I offered a point of view thats suggesting global inflation is a common issue but there are additional individual national drivers for some countries that can make that rate higher or lower. In our case, there are reasons, as given, why Brexit can be seen as an additional contributory factor beyond those that are pandemic and conflict related.
"Money created and put into circulation by QE by the purchase of bonds is reversed with QT with the selling of bonds. The cash can then be taken away from balances, reducing the money in circulation."
I still don't get it. We buy bonds from made up money. Then we sell them to pay off the money we made up. But we have still issued a load more bonds. What happens when they mature?
"The thread is to do with what's driving inflation. Brexit has nothing to do with global inflation".
No, not global inflation. But arguably some of whats driving UK inflation is a labour shortage as a result of fewer migrant workers, higher import costs from Europe, a weaker pound.
I am not trying to blame Brexit for global inflation, just pointing out that some people see this as an additional driver for UK inflation.
And though you may not personally agree, you must surely accept that as a valid point of view?
So I read this and still don't get it.
https://www.niesr.ac.uk/news/time-tackle-uks-quantitative-easing-problem
Just sounds like a shed load more debt.
falk
"I have few mortgages and aware of the game ( all buy to let)"
Are these properties for keeps or do you think about a sell off?
Just curious if you are still positive on rent versus depreciation, void periods and housing management costs
88
minutes say "Monetary policy had already been restrictive in light of falling real incomes, with the economy now likely to be entering recession. Importantly, most of the tightening in policy over the past year was yet to feed through to the real economy. In line with estimated transmission lags, the prevailing level of Bank Rate would, in time, result in a looser labour market and lower domestic inflationary pressures, such that medium-term inflation was likely to fall below target."
I assume they think it's overkill.
"an outcry from the UN about the opposite"
I read it as UN advocating increased tax on higher income brackets to repay the black hole, instead of repeating austerity measures on the least well off.
This is essentially a repeat of the message they gave in 2018, which was not palatable to May.
i bet they go soft with 0.5%
on subject of debt and taxes
https://www.theguardian.com/society/2022/nov/02/un-poverty-envoy-tells-britain-this-is-worst-time-for-more-austerity
I would happily ride a Zero electric motorcycle but not a Maeving.
45mph top speed is moped territory and wouldn't even appeal to pizza delivery boys.
hope they are successful but question going for retro British styling on a bike with no power and a tiny range
maybe if ULEZ's are massively expanded they will do well here in cities.
"especially if it stops families living in marquis"
Marquees, like big tents. Not high ranking noblemen. Yes, better than make shift retired airbase dormitory accommodation as used in the pandemic. It is very hard to source private rentals within their budget.
"I thought you were filtered"
Well, you're in charge of that bit. You came out with many reasons why you would do so earlier. Perhaps you were a little flustered.