Member Info for Darth.Trader

To ease mortgage payments strain.

British finance minister Jeremy Hunt said he had agreed new measures with banks and other mortgage lenders on Friday to help homeowners who struggle to meet the cost of fast-rising interest rates.

"We agreed some very important things for people who are worried about their rates going up," Hunt said, a day after the Bank of England raised interest rates to 5.0% to fight high inflation.

The measures include allowing people who reduce their payments, such as by extending the period of their mortgage or moving to interest-only, to go back to their original package within six months with no impact on their credit rating.

Another measure sought to help people at risk of losing their home, with banks agreeing to a minimum 12-month period before a repossession without consent takes place, Hunt said after meeting representatives of the lenders.

DYOR

The settle-up nightly as they check the inflows and outflows of the ATTWW Bullaca spreadsheet. simples.

DYOR

Thefarend, you always copied Guido Fawkes work and never gave him credit, no links in your posts. You tied to pass it off as your own script until i rumbled you , after you attacked me for posting articles with links, lol...seriously, lol....

Nurse send in the next one..

anyways Rishi Sunak's failings eh..

https://order-order.com/2023/06/23/rishi-failing-on-his-five-pledges-is-cutting-through/

DYOR

Therearend, all you do is moan and have a dig at posters. You little copy writer you..

DYOR

Leaves ECB in policy dilemma.

Euro zone business growth stalled this month as a manufacturing recession deepened and a previously resilient services sector barely grew, leaving the European Central Bank in a policy dilemma as it presses ahead with rate hikes to fight inflation.

HCOB's flash Composite Purchasing Managers' Index (PMI) for the 20 nations sharing the euro currency, compiled by S&P Global and seen as a good gauge of overall economic health, sank to a five-month low of 50.3 in June from May's 52.8.

hat was barely above the 50 mark separating growth from contraction and below all forecasts in a Reuters poll that saw a modest decline to 52.5.

The figures suggest that the bloc's economy is at best stagnating after a recession in the previous two quarters and a recovery is nowhere on the horizon, even if robust holiday bookings suggest that the tourism sector could keep the bloc afloat in the near term.

"This speaks against a recovery of the economy in the coming months, which is expected by many," Commerzbank economist Christoph Weil said. "We see our assessment confirmed that the euro area economy will contract again in the second half of the year."

"The so far 400 basis points of ECB rate hikes are increasingly slowing down the economy," he added.

For the ECB, the data deepen a dilemma.

Inflation at just over 6% is far too high and the labour market is running hot, suggesting more price pressures ahead as workers enjoy improved bargaining power.

Read more;

https://www.reuters.com/markets/europe/euro-zone-business-growth-stalls-june-flash-pmi-2023-06-23/?taid=64956f8c3fba3a0001b2654e&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter

DYOR

Therearend…“There's a lot of disgruntled stock holders out there.

Judging by the comments they're not really cut out for this investment lark.

If it affects you that much it could be time you let someone manage your investments for you.”

Mrs Bucket, having another moan about posters eh who have had enough and sold, how ironic.

Stocks go up and down, bought and sold all day long, get a grip you silly person. PI’s come here to gauge sentiment and sentiment right now is low and when one thinks about it the previous rate rises had yet to filter down never mind the recent and further rises to come…

The SP will drift lower, even if the next core inflation figures had turned the damage had yet to be filtered down, the market is looking forward...

DYOR

67sam "What do they get when the sp drops into the thirties?"

a letter from LTI with his latest average SP, plus spud peeler...

DYOR

LTI, long term investor... A fine example of a trade that went wrong..

DYOR

LTI, congratulations you have filled your quota for today, keep this up and you'll soon be at 30k post....

In other news today the Titan sub had been found at Dover with 285 survivors..

DYOR

So LTI, Do you have any proof that I or any other posters do not have a position in Lloy?

DYOR

LTI, " anyone thinking that you are a Lloyds banking group shareholder would be extremely thin on the ground"

I never stated i was a shareholder, i stated the following;

"It is a perfectly justified question, so LTI, Do you have any proof that I or any other posters do not have a position in Lloy? You are famous for your repetitive nonsense and questions to other posters and you try to deflect them.."

DYOR

LTI, It is a perfectly justified question, so LTI, Do you have any proof that I or any other posters do not have a position in Lloy?

You are famous for your repetitive nonsense and questions to other posters and you try to deflect them...

DYOR

LTI, Do you have any proof that I or any other posters do not have a position in Lloy?

DYOR

LTI, Do you have any proof that I or any other posters do not have a position in Lloy?

DYOR

Lti, can you prove that I do not have a position in Lloy..? you need to rethink that SB of yours girl...

DYOR

Turkey has hiked its main interest rate from 8.5% to 15%, reversing one of President Recep Tayyip Erdogan's unorthodox economic policies.

DYOR

LTI, doing her best to get another thread removed. 24/7 posting most of which are a catalogue of arguments, seriously this person would call an ambulance before an Uber....

DYOR

Interest rates: Bank boss warns interest rate rise hard for many...

https://www.bbc.co.uk/news/business-65982981

DYOR

One, I agree, any additional rises in costs to anything atm is painful...

DYOR

Exactly V.R, handouts seem to be the order of the day. Now we have more speak about forcing banks to help more..

interference, meddling will make matters worse. Both parties are a joke, but eh BoE fell asleep at the wheel, again..

DYOR