Business UK
Interest rate hike set to add ‘huge costs’ to mortgage payments | Liam Halligan
Nigel Farage has won the Clacton by-election, the vote he has long described as a “people vs Establishment” contest.
Shortly after 6am, Mr Farage was confirmed to have returned to the House of Commons.
He secured 22,239 votes while his closest rival, a satirical candidate named Count Binface, received 9,455.
The other main Westminster parties boycotted the by-election entirely, though Mr Farage could face them in a potential second vote at a later date.
Mr Farage resigned as an MP to trigger the contest at the start of July amid a probe by the parliamentary standards commissioner over a £5million gift he received before becoming an MP.
#BreakingNews #UKPolitics #NigelFarage #GBNews #Clacton
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‘There is no evidence to suggest a rise in crime or anti-social behaviour.’
Political Commentator Samuel Sweek argues that migrants housed at military sites are being monitored and that greater integration could contribute to the economy and wider society.
#Migrants #UKCrime #Immigration #MigrantCrisis #GBNews
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Robert Jenrick has been challenged over a potential Brexit conundrum following his welfare overhaul plans.
Reform UK’s Treasury spokesman vowed to ban all foreign nationals from claiming benefits in a new plan to slash the ballooning £50billion welfare bill.
Questioning the plans, GB News Senior Political Correspondent Katherine Forster quizzed Mr. Jenrick on the possibility of having to deal with the European Union as a result of his proposals.
#Welfare #Brexit #RobertJenrick #ukpolitics #GBNews
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@tomhiggins6894
January 2, 2024 at 3:48 am
Get set for a large dirty recession and house prices to fall up to 40% by 2025.
@pizzaboy4463
January 2, 2024 at 3:48 am
Without mass, uncontrolled immigration, properties would not be half the current rate and this needs addressing.
@Happytruth
January 2, 2024 at 3:48 am
There are no signs whatsoever that interest rate rises are causing pain yet, people are still going out, still spending on home DIY and home goods, and they are still buying new cars.
Now they’re either doing it on credit cards or these interest rate hikes are not cooling demand.
I always laugh when these experts use interest rate rises as a sure fire way of controlling inflation and they can do the job but what most miss is high prices kill inflation so if you let inflation rise and keep on rising those higher prices kill demand in the same way and yes prices fall because demand is taken away.
The FED have signalled more rate rises over the next couple of years so the BOE have no choice but to put rates up higher, the lesson is don’t load up on cheap loans and debt if you do then no one has sympathy for you.
@tiffanydaggett.
January 2, 2024 at 3:48 am
With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly—which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stocck portfolio
@coneyisland4568
January 2, 2024 at 3:48 am
Many prices have doubled. The government figures are sheer fantasy.
@ianmckinney3446
January 2, 2024 at 3:48 am
What would happen if we went back to the gold standard tomorrow?
@Deeps__
January 2, 2024 at 3:48 am
Tell me this Liam, how does charging us more interest on everything help to reduce the effects of government spending?? All this does is put more free money in the banks pocket whilst government increases taxes to pay the bank back! We were told that gas shortages and product shortages were driving inflation, not the bank needing more £. The only thing this will do is cause people to loose their homes and inflate a debt bubble, the government need to freeze mortgage rates before we have a housing crisis and the housing market collapses to oblivion.
@kbrickell4732
January 2, 2024 at 3:48 am
no wrong food inflation is 50% get real an acknowledge facts
@TheManOfReason.
January 2, 2024 at 3:48 am
This is not for everyone but stopping Drugs, Alcohol, "named" brands clothing, and smoking, allows you to pretty much have mad amounts of money! "But that's what money is for!", well… that's the problem right there lol, there is almost an infinite amount of things to do, I simply removed 4 of them!
Take time and write down how much money is vanishing a month because of these 4 culprits (Add the total by the end of the year), Hey that could be in your bank!!
@tomaszhimalajski1693
January 2, 2024 at 3:48 am
Another thing is property prices. People don't want to buy houses any more. So if your house is 50k cheaper that means you lost 50k on top of extra expenses. Congratulations for good decision -Brexit 🤦
@peterhicks5590
January 2, 2024 at 3:48 am
Ression in sight !
@peterhicks5590
January 2, 2024 at 3:48 am
Ression in sight
BOE to make what the Americans call a jumbo rate hike , im thiinking i may start taking my money out as this has all all the signs of the 2008bank crash, inflation through the roof ,food ,fuel ,energy, and water touted to go up 70% in engineering terms its called point break .
100% of GDP cant cover the borrowing costs . BOE to announce at 12,today !
@Adam-xq5xk
January 2, 2024 at 3:48 am
People shouldn't over burden themselves with debt. Absolutely no sympathy for borrowers. If you live your entire life on tic then you get battered at some point. Can't afford it? Sell up.
@neilhedley6080
January 2, 2024 at 3:48 am
It’s got nothing to do with Project Fear and Brexit
@Seadog61
January 2, 2024 at 3:48 am
Lets be self sufficient in energy ie nuclear farm empty fields fish our sovereign waters and stop relying on every other country
@rootyroot
January 2, 2024 at 3:48 am
If only I knew what I knew now.. I'm 35, I wish when I was younger I didn't bother getting a mortgage and a better wage, I wish I had the foresight to purchase a motorhome with cash, travel the world and home-educate my children, I could work very small hours (remote), survive on very little and live the best life..
The world is such a mess and I often think what the hell have I brought my kids into..
@petermartinaitis8166
January 2, 2024 at 3:48 am
Do these morons think it has never happened to other generations ?
@lebowskitriple8
January 2, 2024 at 3:48 am
Blocking your far-right, ultra-nationalist channel ….. 🤣🤣🤣
@PickleThePig
January 2, 2024 at 3:48 am
Where’s the interest on savings? I want that at above 5% 😂
@pja7
January 2, 2024 at 3:48 am
Half of all UK homeowners have no mortgage
@erongi233
January 2, 2024 at 3:48 am
What generally happens in economics is that Govts and their stooges think short term.After the financial crash Govts and their stooge Heads of their central bank forced down interest rates to almost zero. This saved all the incompetents who had badly misjudged things and encouraged a lack of responsibility in economic matters. If you can borrow money for nothing you can be completely incompetent and still make a fortune if you have good relations with your bank. We need to get back to being responsible for our own actions.
Responsible interest rates are the hurdles over which responsible and productive economic activity need to get over.
@aaroningl
January 2, 2024 at 3:48 am
Tbh, I have zero sympathy.
@markdavidson2804
January 2, 2024 at 3:48 am
Watching Brexit from abroad …best soap opera I've seen for a long time.Enjoy your mortgages brexitears