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Interest rates: Double whammy of rising prices & borrowing costs for most vulnerable | On the Money

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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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18 Comments

18 Comments

  1. @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!

  2. @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

  3. @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.

  4. @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!?

  5. @linguistengineer588

    December 19, 2023 at 7:42 pm

    interest rates cannot realistically go up beyond 1%, the macrotrend is deflationary.

  6. @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.

  7. @wynbrown7321

    December 19, 2023 at 7:42 pm

    Obviously. This has been on the cards for the last 2 years.

  8. @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.

  9. @Pragnantweggyboard

    December 19, 2023 at 7:42 pm

    Weimar conditions who would have thought.

  10. @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

  11. @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?

  12. @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 👍

  13. @redknight9740

    December 19, 2023 at 7:42 pm

    6uild 6ack 6etter

  14. @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.

  15. @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

  16. @SG-rj3ny

    December 19, 2023 at 7:42 pm

    Great Reset ……. escape with crypto

  17. @icantfinkofname

    December 19, 2023 at 7:42 pm

    This is the cost of lock down remember that before everyone cheers for the next one

  18. @juliette2439

    December 19, 2023 at 7:42 pm

    You will own nothing but be happy ..According to KlausSchwab

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Business UK

‘I’LL LEAVE BRITAIN!’ Adam Brooks REVEALS why he fears for his daughters’ future in UK

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Adam Brooks joins Will Kingston on Fire at Will to discuss immigration, knife crime, the future of Britain and why he believes the country needs a major political shake-up.

Brooks delivers a stark warning about the future facing his daughters, saying he would consider moving abroad to protect them. He also describes London as “the Wild West” amid concerns over knife crime, reflects on the personal tragedy of losing his father, and argues that mass immigration is damaging Britain.

A former Conservative voter, Brooks launches a fierce attack on the Tories, accusing them of repeatedly lying to voters over immigration. He explains why he has lost faith in the Conservative Party, calls for an end to the political “uni party” bond and makes the case for Nigel Farage to become Prime Minister.

Brooks also gives his blunt verdict on Keir Starmer, the Labour Government, the Green Party and the political establishment, while questioning why celebrities who privately share his views are reluctant to speak out publicly.

#gbnews #uknews #immigration #britain #england #labour #reformuk

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Far-left ‘provoking INSURRECTION’ as Greta Thunberg hails France RIOTERS as ‘resistance’

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Greta Thunberg has joined French rioters in Paris, welcomed by the far-left mayor, who called his area the ‘capital of resistance’ amid accusations the far-left are fuelling an ‘insurrection’ in France.

Thunberg dismissed the violence of the rioters, instead criticising police.

Tuesday saw tens of thousands demonstrate after the left called for an ‘act 5’ of protests they say are about a lack of resources for schools. 90% of universities have been blockaded and more than 200 schools have closed.

Despite the government hiring 160 new teachers since Friday, riots raged on. Rennes in Britanny was the site of major fires for the second day in a row on Tuesday, with a high school ablaze. Damage to schools in the Occitanie region alone has topped 4 million euros – equivalent to the total annual maintenance budget. Montpellier has authorised the deployment of drones to keep track of rioters.

147 education staff have been injured during the protests, with 22 injured Monday alone.

Lyon saw masked individuals vandalising streets on Tuesday morning, where an insurance company was looted. Police intervened before the group entered a bank.

#france #eu #protest #lycee #immigration #freespeech

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Business UK

Martin Daubney | Tuesday 13th October

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Join Martin for an up-to-the-minute take on the day’s events delivered in his own unique and lively style.

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WATCH: Brussels BURNS as RIOTS spread in HEART of EU with violent clashes seen after France fallout

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‘France was in flames. Now Brussels is burning… Large-scale immigration without a plan for integration amounts to an experiment whose consequences everybody has to live with.’

Ben Leo argues poorly managed integration risks adding tension to societies already under pressure.

#gbnews #uknews #france #brussels #france #eu

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Business UK

Britain’s Newsroom | Wednesday 14th October

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When the news happens, it happens here. But what does it mean for you? Every weekday morning, Britain’s Newsroom brings …

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