Inflation

Hey, do you mind if I ask what the reason is you're not on a fix? I know there may be a good reason why a fixed doesn't suit you, but if there isn't, you could save a lot by getting on one now.

Let me know if I can help.

 

My mortgage is a good one, tracks 0.99% above base rate. Took it out before the 2008 crash. I’ve been paying next to no interest and continue to really. I think the base rate was about 5% when I took it out (October 2008), and it tanked to a lot lower very quickly.

Which seems good on the face of things but my house has barely recovered to be worth what I paid for it in 2008. When we’d been here for a year, it was barely worth half what we paid.

 

Fantastic.

 

Inflation
(Keep climbin' higher and higher) Inflation
(Adorable creatures) Inflation
(With unacceptable features) Inflation
(Trouble is coming) Inflation
(It's just the high cost of living) Inflation
(You can take it or leave it) Inflation
(But you'd better believe it!)

Inflation
Inflation
Lead us not into Inflation

 

The interest rate has gone up as the US one has. Sterling will depreciate if we didn't put up our rate, causing imports to go up more, fuelling further inflation . The idea we are independent & Brexit gave us our freedom is completely shown to be bowlax. No man or country is an island. Any amount of flag waving & sabre rattling does not change the truth.

 

9% now

 

And all the while the govt stoke a trade war, continue to lie about the impact of brexit on NI and do the bare minimum to help the struggling citizens they profess to represent.

 

It's alright, they can just work more hours or get a better paid job.

 

And bankers

 

So glad i started work in 69,got married in 73, inflation in 20's.17% interest rate and no social media,and just went through life doing my best to enjoy it and not expecting utopia. Great times even with all those problems.

 

You had it a lot easier economically than young uns these days, whether you want to admit it or not.

 

I 'd better go and book my appointment at specsavers then.

 

While eating for 30p a day.

 

Labour messed up big time there. Went with the wrong brother.

 

And yesterday in Parliament every single Conservative MP voted against the windfall tax on energy companies such as Shell who have just recorded unprecedented
record profits. Meanwhile our energy bills double.
And yet there are still people in working class, struggling towns and city's up and down the country voting for them!

FFS wake up!

 

With 24 hour news and social media being rammed down everybody throat, people these days strangely worry about things that are totally out of their control. Is there any wonder there's all this mental illness about. My advice would be turn the news off come off social media and for f'eck sake get on with your life. Cos it will be gone before you know it.

 

Think you have read my original post wrong.

 

And Ofgem are pushing to update the cap every 3 months, while prices are still sky-high despite a significant fall in the wholesale cost of gas...

 

The worse part of that is the 'market stabilization' announcement.
Which means if wholesale prices fall and a new firm gets a switcher, it must pay 85% of difference to old firm. Killing hopes of firms launching cheaper deals.
Absolutely disgusting.