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My parents live on a boat in the marina at the minute. Caicedo often has breakfast on the table next to them at the local cafe on off days.

The other problem with raising interest is that there is a large amount of savings held in the over 60 population... and because inflation is higher than savings rates... they're gonna spend. That was my father's analysis....

They already have.

In full agreement and will be in that same boat myself - just providing a bit of balance I suppose.

No. It's pointless trying too. However there is a lesson to be learnt from it that things will probably be ok if people prioritise what they do - but the effect of it now is going to be worse, even if i can see fewer repossessions due to banks being way more lenient.

Luckily we are august 26 before we have to re do ours. If it was now it would be squeaky bum time. We were offered a 7 year mortgage as well... wish i'd taken that option!!! Given that predicting this mess is clearly not a great idea, surely better taking a fixed option in Oct and then switch...

They should be workable and within limits of what is sensible - they've also been banded about by a few experts, so I'd be surprised if the government don't take them on. What they won't do, and neither will labour do as it seems, is offer payments to households in need.

Its almost as if something absolutely ginormous completely halted our competitiveness on an international scale.

This is not inflation caused by rampant spending and traditional supply/demand economics. Our economy is constantly on the edge of recession yet suffering inflation. It is not running in high single figures - therefore interest rates only make matters worse - most people are not spending...

Why has no one considered that the submarine may have been eaten by THE MEG? As you will see by this video below, it did attack Jason Statham in a submersible just over 5 years ago. https://youtube.com/clip/Ugkxp1Bd4ivR2y9ur5KTh3EcpssFnug5XG1q

our inflation is much higher...

No government could survive the repossession deluge that will happen if they arent seen to be doing something. I'd be surprised if MIRAS would be set at levels that would be beneficial to most mortgages. From memory it was 30k single / 60k Joint limit in late 80's. this would have to be hundreds...

I'd be very surprised if any of the parties intervened at an actual give money to people level. The Bank of England is independent but it is also not. Halting this madness of rasing interest rates is step one. MIRAS is a good shout for another step. Being more lenient with repayments another.

Tricky as market intervention causes further problems down the line - and this is partly as a result of one of them. House prices are so high because of market interventions in the late 00's and continued cheap money. The easiest and safest way through this, and I hold little economic...

The club aren't going to accept less than 70 million plus add ons. Chelsea are f***ed under FFP. So either he goes with Colwill (and poss Gallagher) coming in + cash, they somehow manage to cook the books in their favour and pay full price or he stays. Bellingham is the bellwether here. I...

Electric Cars are likely to be part of the solution but more likely Hydrogen/Synthetic Fuels will make up the transport energy change. Several reasons why - but main ones are: amount of energy used for Lithium boring and massive infrastructure change needed across the network. F1 have...

I'm right in line with that where we sit. Thought it was onside.

Yes. Unless we get battered by city.

Its 15-18 quid in cuckfield for that. Cost of living crisis.

I've had terrible insomnia for the past few months due to a pretty heavy and stressful workload, coupled with us all recovering from a pretty tumultuous family health issue which blighted 2023. Last night i got even less sleep than the usual 3.5 hours I've been getting of late BUT i feel on...