Thread: Rising cost of living
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Old 05-08-2022, 12:20   #215
OLD BOY
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Re: Rising cost of living
Quote:
Originally Posted by Damien View Post
Brutal news today.
  • 0.5% rise in interest rates. That'll be an unwelcome addition to anyone not on, or coming to the end of, a fixed term mortgage.
  • Inflation set to sit 13% by the end of the year
  • Recession predicted at the end of this year
  • Ofcom is going to review the price cap every 3 months rather than 6
Mortgage rates and interest rates were much higher in the 1980s and 90s. I’m sure we can cope as a country, like we did before and when the media didn’t have such a leftie bias.

---------- Post added at 12:20 ---------- Previous post was at 12:19 ----------

Quote:
Originally Posted by Mr K View Post
Didn't know you were old enough to be retired Paul?

Thanks to the Govts promise to lock state pensions to the inflation rate, which they've lost control of, pensioners will now be getting >10% rises, whilst the working population get a fraction of that.

Meanwhile the country's debt increases massively and tomorrows pensioners can expect diddly squat.

Jam to bribe the Govt supporters today , sod all for future generations except having to pay for it all.
You may well think differently when you have to live on a pension. I’m afraid you will find you will be a lot worse off.
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