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Interest rates: Double whammy of rising prices & borrowing costs for most vulnerable | On the Money
Our clients are expecting a bit of a double whammy as we head into winter… an enormous rise in their utility bills and now potentially, the cost of their borrowing will start to go up.’
StepChange’s Richard Lane on what rising interest rates could mean for the most vulnerable.
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Donald Trump hails “extremely positive and productive conversations” with China as the President speaks at a state banquet with the Chinese President Xi Jinping in Beijing.
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Watch as Will Kensington expresses concern about the state of the UK, arguing that Downing Street is no longer a place of power but has instead become Britain’s most expensive Airbnb.
This comes as Andy Burnham is set to become the UK’s seventh Prime Minister in a decade, with seemingly no one challenging the “King of the North” for the country’s top job.
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Cabinet Office DEMANDS LGBT and ethnic figures on bank notes over DIVERSITY – ‘RIDICULOUS!’
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‘We have real pressing financial issues as a country. I find focus on stuff like this quite ridiculous!’
Nana Akua hits out at the Cabinet Office’s suggestion that banknotes should featurre prominent ethnic or LGBT figures from British history.
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France holds annual Bastille Day parade with different military regiments with foreign troops included. President Emmanuel Macron has invited leaders from The Coalition of The Willing to watch parade.
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@abbykickass3210
December 19, 2023 at 7:42 pm
These dodgy PPE contracts just look even more corrupt now considering we're getting shafted from every direction with price rises! It looks like "The Great Reset" is losing it's conspiracy theory tag & starting to become reality like everything else!
@NorsemanPatriot
December 19, 2023 at 7:42 pm
Good job Doris I'm 20 and will never be able to afford my own home now and also since I'm disabled we barely get enough to live on as it is either pay the rent or starve
@benamos2878
December 19, 2023 at 7:42 pm
Get out of Sterling now, while you can buy something with it, the BoE are letting hyperinflation happen, then comes the civil war.
@lapamful
December 19, 2023 at 7:42 pm
After the billionaires have increased their net worths by… well, billions, the rest of us after being put out of work and locked up all year essentially get additional taxation on absolutely everything. I mean in all honesty, what's not to like!?
@linguistengineer588
December 19, 2023 at 7:42 pm
interest rates cannot realistically go up beyond 1%, the macrotrend is deflationary.
@thewanderingfool4435
December 19, 2023 at 7:42 pm
Remember plebs "You'll own nothing and be happy!!" well it's starting to come true now and the Chickens are coming home to roost.
@wynbrown7321
December 19, 2023 at 7:42 pm
Obviously. This has been on the cards for the last 2 years.
@sillypuppy5940
December 19, 2023 at 7:42 pm
Remember that some of the vulnerable are rely on savings to keep them afloat. An interest rate rise might help them.
@Pragnantweggyboard
December 19, 2023 at 7:42 pm
Weimar conditions who would have thought.
@deg262
December 19, 2023 at 7:42 pm
My dad always said to never spend someone else's money, it'll only get you in trouble
@davidcann6021
December 19, 2023 at 7:42 pm
Meanwhile there's also stagflation and less items on the shelves. Just look at the size of say a 400g galaxy or cadburys chocolate bar… oh here's now 360g yet the same price. Anyone else noticed shelves taken out of supermarkets or items like beer once stacked in piles now spread along shelves?
@poultonreal
December 19, 2023 at 7:42 pm
The Bank of England Marxists can’t raise rates as our national debt becomes more expensive. Buy Gold, Silver and Bitcoin to preserve wealth 👍
@redknight9740
December 19, 2023 at 7:42 pm
6uild 6ack 6etter
@johnhall4851
December 19, 2023 at 7:42 pm
This worldwide governments scam is for WEF so you'll own nothing but they'll own e everything.
@Alanginger
December 19, 2023 at 7:42 pm
I bought my first house when the interest rates were 13% ( thirteenth) I am such a hero 🦸
I love it when the “ young generation “ try to insult you by calling you a “ boomer “ and as usual they just make themselves look foolish as they will throughout their lives sadly
@SG-rj3ny
December 19, 2023 at 7:42 pm
Great Reset ……. escape with crypto
@icantfinkofname
December 19, 2023 at 7:42 pm
This is the cost of lock down remember that before everyone cheers for the next one
@juliette2439
December 19, 2023 at 7:42 pm
You will own nothing but be happy ..According to KlausSchwab