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I voted Labour and I want them to succeed because the alternative is Reform but does anyone actually take any notice of the official figures now? Prices seem to rise monthly in supermarkets.
I think a lot of people see the headline and think prices are going to go down. Not Labour's fault, of course, but with the pound taking a huge hit the last few years the cost of living squeeze isn't going anywhere.
This talk of the BoE cutting interest rates. Well according to experian and a few others my credit rating is better than 80% of the Country. Yet I took out a loan two years ago at 4%, a recent loan I took out was double that at 8% and yet we have Starmer crowing about "We have cut interest rates five times in the last year" maybe a sixth tomorrow. But by the way Sir Kier, you don't cut interest rates it's the BoE. Also this rubbish about cutting energy bills by £150. Yes, but they have gone up by £300 and the cut, as per usual takes place in April. A fat lot of good that is when winter is over. As for food we went into Lidl this week and a chocolate cover sponge funnily enough called a "Yule Log" was £15. We used to have a roast every other week. You need to take out a mortgage now for a piece of beef or lamb.
This talk of the BoE cutting interest rates. Well according to experian and a few others my credit rating is better than 80% of the Country. Yet I took out a loan two years ago at 4%, a recent loan I took out was double that at 8% and yet we have Starmer crowing about "We have cut interest rates five times in the last year" maybe a sixth tomorrow. But by the way Sir Kier, you don't cut interest rates it's the BoE. Also this rubbish about cutting energy bills by £150. Yes, but they have gone up by £300 and the cut, as per usual takes place in April. A fat lot of good that is when winter is over. As for food we went into Lidl this week and a chocolate cover sponge funnily enough called a "Yule Log" was £15. We used to have a roast every other week. You need to take out a mortgage now for a piece of beef or lamb.
Yes, things have got very expensive when many people’s income isn’t keeping pace. As J2 mentioned, the items included in official inflation statistics don’t appear to be representative of what we regularly buy. Meats are included apparently, but they seem to have risen by significantly more than the overall inflation figure. Chocolate and coffee very expensive too and surely we have a human right for those to be considered essentials? I pity anyone who craves mochachino basted ribeye steak.
This talk of the BoE cutting interest rates. Well according to experian and a few others my credit rating is better than 80% of the Country. Yet I took out a loan two years ago at 4%, a recent loan I took out was double that at 8% and yet we have Starmer crowing about "We have cut interest rates five times in the last year" maybe a sixth tomorrow. But by the way Sir Kier, you don't cut interest rates it's the BoE. Also this rubbish about cutting energy bills by £150. Yes, but they have gone up by £300 and the cut, as per usual takes place in April. A fat lot of good that is when winter is over. As for food we went into Lidl this week and a chocolate cover sponge funnily enough called a "Yule Log" was £15. We used to have a roast every other week. You need to take out a mortgage now for a piece of beef or lamb.
So he's not responsible for the base rate coming down but he is responsible for the rate set by a commercial loan provider and he is responsible for energy and food prices going up? If you're going to blame him for bad stuff he's only indirectly culpable for you should at least credit it him for positive stuff he's only indirectly responsible for.
So he's not responsible for the base rate coming down but he is responsible for the rate set by a commercial loan provider and he is responsible for energy and food prices going up? If you're going to blame him for bad stuff he's only indirectly culpable for you should at least credit it him for positive stuff he's only indirectly responsible for.
Nobody would have got a 4% loan two years ago either. The last time they were that low was before the financial shock caused by the Truss/Kwarteng/IEA mini-budge that caused UK government borrowing costs to surge and a market meltdown that ultimately lead to the BoE having to intervene with higher interest rates to try and calm everyone the feck down (that’s a technical term, obviously). We’re still paying the price for that disastrous experiment, or at least OldFart is with his higher loan repayments.
So he's not responsible for the base rate coming down but he is responsible for the rate set by a commercial loan provider and he is responsible for energy and food prices going up? If you're going to blame him for bad stuff he's only indirectly culpable for you should at least credit it him for positive stuff he's only indirectly responsible for.
It is the responsibility of the BoE to raise or lower the interest rate and they apparently have a 2% target. But in recent times they seem to have abandoned this strategy as inflation although now we are told is coming down, have cut rates despite inflation running at nearly twice what the BoE target is. I suggest this is due to flagging sales and rising unemployment. Reeves has caused a lot of the increased prices due to her tax and spend policy and isn't allowed by her backbenchers to make cuts in a bloated government or benefits system. So no I don't give Starmer credit for anything. He spends more time abroad worrying about other countries and invasions whilst they allow god knows who into Britain. Before I get the racist card thrown at me. No I don't have any problem with people coming here, but they must contribute in a positive way. Not one working and twenty on benefits the Country cannot sustain that and working people are fed up being cash cows.
It is the responsibility of the BoE to raise or lower the interest rate and they apparently have a 2% target. But in recent times they seem to have abandoned this strategy as inflation although now we are told is coming down, have cut rates despite inflation running at nearly twice what the BoE target is. I suggest this is due to flagging sales and rising unemployment. Reeves has caused a lot of the increased prices due to her tax and spend policy and isn't allowed by her backbenchers to make cuts in a bloated government or benefits system. So no I don't give Starmer credit for anything. He spends more time abroad worrying about other countries and invasions whilst they allow god knows who into Britain. Before I get the racist card thrown at me. No I don't have any problem with people coming here, but they must contribute in a positive way. Not one working and twenty on benefits the Country cannot sustain that and working people are fed up being cash cows.
The BoE target is to keep inflation at.2%. They use interest rates as a tool to achieve that objective.
I won’t comment on the rest of your post, hopefully others won’t either.
Nobody would have got a 4% loan two years ago either. The last time they were that low was before the financial shock caused by the Truss/Kwarteng/IEA mini-budge that caused UK government borrowing costs to surge and a market meltdown that ultimately lead to the BoE having to intervene with higher interest rates to try and calm everyone the feck down (that’s a technical term, obviously). We’re still paying the price for that disastrous experiment, or at least OldFart is with his higher loan repayments.
OldFart is alas, also probably planning on voting for the people who applauded the Truss/Kwarteng budget and increased his outgoings, too.
[Post edited 18 Dec 9:58]
I'm one of the people who was blamed for getting Paul Cook sacked. PM for the full post.
When told that the rate of inflation had fallen to 3.2% in March, only 52% of Britons correctly identify that this means that prices are rising more slowly than they were before March.
Three in ten Britons think this means that prices are falling, including 18% who believe it means that they are falling faster than before March and 13% who think it means they are falling more slowly. A further 4% think it means that prices are rising faster than they were before March, while 13% told us they didn’t know in the first place.
When told that the rate of inflation had fallen to 3.2% in March, only 52% of Britons correctly identify that this means that prices are rising more slowly than they were before March.
Three in ten Britons think this means that prices are falling, including 18% who believe it means that they are falling faster than before March and 13% who think it means they are falling more slowly. A further 4% think it means that prices are rising faster than they were before March, while 13% told us they didn’t know in the first place.
It’s crazy! It’s not a difficult concept so I can only presume people simply don’t pay enough attention to enable them to understand
When told that the rate of inflation had fallen to 3.2% in March, only 52% of Britons correctly identify that this means that prices are rising more slowly than they were before March.
Three in ten Britons think this means that prices are falling, including 18% who believe it means that they are falling faster than before March and 13% who think it means they are falling more slowly. A further 4% think it means that prices are rising faster than they were before March, while 13% told us they didn’t know in the first place.
It’s crazy! It’s not a difficult concept so I can only presume people simply don’t pay enough attention to enable them to understand
They don't want people to understand. If people understood the pound lost something like 25% of its value over a three year period they would be a lot angrier.
Kids would be better off having a few lessons on interest rates, credit cards, mortgages, savings, bank accounts and investing than some of the pointless things they learn. Imagine Martin Lewis designing a curriculum for kids. Give kids one hour a week for personal finance and teach them a course he has designed.
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