Mellor 3 Ward 4
Well-known member
1.2% for September.
No interest rises just yet.
No interest rises just yet.
1.2% in one month? Can that be directly extrapolated to ~13% a year, or is that not how it works?
At least the state pension will increase by 2.5% under the triple lock formula.
Inflation never goes down,blooming thatcher
You are right. If it went down it would be deflation (which incidentally would be a disaster economically)
So pensioners are getting a 'pay rise' just over twice the rate of inflation?
I suppose it makes up a bit for their loss of income on their savings.
Pensioners spend a greater proportion of their income on food and fuel which is going up more than the headline figures.
Whilst it is good I fear we have new generation of mortgage payers who think 0.5% interest rate is quite normal whereas it is totally abnormal unless the landscape on interests rates really has changed.
Whilst it is good I fear we have new generation of mortgage payers who think 0.5% interest rate is quite normal whereas it is totally abnormal unless the landscape on interests rates really has changed.
Whilst it is good I fear we have new generation of mortgage payers who think 0.5% interest rate is quite normal whereas it is totally abnormal unless the landscape on interests rates really has changed.
When does the abnormal become normal? Rates have been this low for 5 years now. Maybe the landscape has changed?
I fear for the number of house repossessions that will happen once interest rates rise, especially given the fact that wages over the last few years have barely increased for most people.
Whilst it is good I fear we have new generation of mortgage payers who think 0.5% interest rate is quite normal whereas it is totally abnormal unless the landscape on interests rates really has changed.
I fear for the number of house repossessions that will happen once interest rates rise, especially given the fact that wages over the last few years have barely increased for most people.
You're right about new first time buyers, I hope for their sake rates don't shoot up.
Whilst interest rates won't stay as low as they are now for ever, they surely won't go back to the 15% interest rates I remember in the 80s