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  1. Nobby Cybergoat

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    But don't you also have to look at what is causing the inflation. We're in a cost of living crisis. And as ever, these things hit very unevenly. The majority of people hit by these rate rises are not spending lavishly. Granted some are, but many of their number won't have a mortgage debt to...
  2. Nobby Cybergoat

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    But surely it's a braver politician who'll sit idly by whilst millions of people have to deal with massive rate rises, whilst millions of others are almost entirely unaffected. And just say the government did decide that they would remove the 2% target from the Bank of England, and have a...
  3. Nobby Cybergoat

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    They're not getting it because they don't want to. The Daily Express narrative about avocados soothes the tiny part of their brains that deals with guilt far more effectively.
  4. Nobby Cybergoat

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    Yeh, inflation isn't great if you have savings, but there's no real comparison to people who's mortgage is going up by £100s every month. The spread of pain is completely disproportionate
  5. Nobby Cybergoat

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    Can someone explain this to me as well? get that the economic orthodoxy here is that we need to cool the economy to get inflation down. So what we’re doing is increasingly interest rates so that mortgage holders and renters will have less money, so buy less, so the price of stuff comes down...
  6. Nobby Cybergoat

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    Mate, if there's one misapprehension in the entire universe of poorly thought out opinions that's been debunked it's that one. It's not the rate, it's the effect of the rate .... oh I can't be bothered, anyone want to jump in and help me?
  7. Nobby Cybergoat

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    This is a very good point from a very clever man. Why are the working age, bringing up family age groups bearing the entire burden and the retired bearing none?
  8. Nobby Cybergoat

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    I the answer just to be less upset about inflation? Yes, yes, I know some basic economics of why it's deemed bad. But set against, the prospect of creating recessions, of the possibility of waves of repossessions? I reckon there might be a bit of economic group think going on here. In a...
  9. Nobby Cybergoat

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    There's no short term answer. The supply of housing stock needs to increase and house prices need to come down. I would ... Abandon the BoE's target of 2%. They can't hit it by continually putting up rates. Other levers need to be pulled Fund councils to bring dilapidated stock back into...
  10. Nobby Cybergoat

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    Just another example of how middle England is being squeezed.
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