Bank Interest Rise , How Will It Affect You ?

[Bigbob]

On 05/11/2022 at 09:01, Westley said:

Baled them out of debt, they had built up quite a large amount on credit cards. I helped by killing those debts,  BUT it was never going to be a 'gift'. I set up a payment plan they could afford until they paid back the loan. Why, well I think that is self explanatory.  They could find it difficult to obtain any future loans for mortgage etc. IF it had been a 'gift', how would they learn anything from it  ?

See my views are the kids are going to get my money anyway so i would sooner give them it now when they needed it rather for them to wait till I'm died and they are deeper in debt i would never say my kids wouldn't do that as common sense isn't as common as you would think 

Maybe with the intrest rate rise our savings might be worth a bit more too ?.  

[Westley]

26 minutes ago, Bigbob said:

See my views are the kids are going to get my money anyway so i would sooner give them it now when they needed it rather for them to wait till I'm died and they are deeper in debt i would never say my kids wouldn't do that as common sense isn't as common as you would think 

Maybe with the intrest rate rise our savings might be worth a bit more too ?.  

My view is, IF I keep clearing their debts they will continue to run up more debts  ?

[Bigbob]

 

The couple next door don't speak to there eldest daughter as she was deep in debt and they took out a loan to clear it and she did exactly the same thing again . I would hope mine would of had more sense . Saying that when my sons girlfriend had my grandson he stepped up to the mark bought a house works every shift offered and does all the jobs in the house and while we helped with the deposit . Now we just babysit when he needs up to save child minder fees , It means you now got to plan your life round babysitting some weeks we get him every day others we hardly see him , Then the mobile goes at 8am and it Hi Pal what you doing today i have been offered another shift or so and so hasn't turned in i am get there shift . But you would never knock back babysitting to help your kids earn extra cash 

[oldypigeonpopper]

Hello, I see Gordon Brown has pipped up with his idea to help in in the warm spaces programme by councils lowering the business rates on places like pubs and social clubs, maybe we should remind him had he not screwed over millions of pensioners they might be able to afford heating their homes, another interesting fact I see today was that many many people and families in UK only have £100 as back up to their financial out goings, many are living week to week, month to month, or depleting savings, I'm starting to think at my age and life is it worth putting any spare money away 🤔

Edited November 7, 2022 by oldypigeonpopper

[London Best]

1 hour ago, oldypigeonpopper said:

many are living week to week, month to month, 

And they have done that all their lives, that is what has caused their financial problems.

Edited November 7, 2022 by London Best

[oldypigeonpopper]

1 hour ago, London Best said:

And they have done that all their lives, that is what has caused their financial problems.

What total and utter ****

[oowee]

2 hours ago, London Best said:

And they have done that all their lives, that is what has caused their financial problems.

And many of them voted to deliberately make themselves worse off by voting Brexit. 

[Mungler]

Just now, oowee said:

And many of them voted to deliberately make themselves worse off by voting Brexit. 

 

Not really. Post covid and post Ukraine the EU and mainland Europe have bigger fish to fry and which are likely to sink the EU. Indeed, the Eurozone economies are suffering far worse than the UK albeit that is massively under reported.

Let's see where the first energy blackouts are...

 

 

[oowee]

4 minutes ago, Mungler said:

 

Not really. Post covid and post Ukraine the EU and mainland Europe have bigger fish to fry and which are likely to sink the EU. Indeed, the Eurozone economies are suffering far worse than the UK albeit that is massively under reported.

Let's see where the first energy blackouts are...

 

 

I was thinking more as a result of our 4% drop in trade. 

[Mungler]

5 minutes ago, oowee said:

I was thinking more as a result of our 4% drop in trade. 

 

It's more like a 14% drop.

But it's impossible to assess the economic impact of Brexit as a stand alone when it's since been dwarfed with the economic catastrophe that was Covid and the contemporaneous energy and food crisis that is Ukraine. In short, the base line is in the toilet. Everything is now in the toilet including the toilet.

 

 

 

[Scully]

3 hours ago, oldypigeonpopper said:

Hello, I see Gordon Brown has pipped up with his idea to help in in the warm spaces programme by councils lowering the business rates on places like pubs and social clubs, maybe we should remind him had he not screwed over millions of pensioners they might be able to afford heating their homes, another interesting fact I see today was that many many people and families in UK only have £100 as back up to their financial out goings, many are living week to week, month to month, or depleting savings, I'm starting to think at my age and life is it worth putting any spare money away 🤔

Not everyone can afford to save money. 
We lived like that during the entire time our kids were growing up.
Both our wages were taken up paying bills such as a mortgage, utilities, food, clothing, trying to run two vehicles so we could get to work and back, school trips, maybe one week a year in a mates static caravan so us and the kids could have a holiday etc etc. It all soon eats into a below average income. 

1 hour ago, oldypigeonpopper said:

What total and utter ****

This. 👍

26 minutes ago, oowee said:

And many of them voted to deliberately make themselves worse off by voting Brexit. 

You and LB just don’t have a clue do you! 

[oowee]

1 hour ago, Scully said:

 

You and LB just don’t have a clue do you! 

Yep I can see why many would want to forget their part in it. 

[Scully]

23 minutes ago, oowee said:

Yep I can see why many would want to forget their part in it. 

I have no regrets about voting to leave; you know damn fine well I’m talking about your inability to comprehend how some folk live. 

[udderlyoffroad]

2 hours ago, Mungler said:

 

It's more like a 14% drop.

But it's impossible to assess the economic impact of Brexit as a stand alone when it's since been dwarfed with the economic catastrophe that was Covid and the contemporaneous energy and food crisis that is Ukraine. In short, the base line is in the toilet. Everything is now in the toilet including the toilet.

 

 

 

Post of the week & it’s only Monday. Though, Ukraine appears to be a catch-all Term for various wheelie-bin fires currently contributing to worldwide shortages & thus inflation.

[Jaymo]

20 hours ago, Bigbob said:

 

But you would never knock back babysitting to help your kids earn extra cash 

Go on, u love spending time with the ‘wee ones’ anyway! 

[oldypigeonpopper]

6 hours ago, oldypigeonpopper said:

What total and utter ****

Apologies perhaps that's a little harsh, but I know many who are struggling with the financial crisis and it's not for the lack of working hard to keep their families together,

[Mungler]

2 hours ago, udderlyoffroad said:

Post of the week & it’s only Monday. Though, Ukraine appears to be a catch-all Term for various wheelie-bin fires currently contributing to worldwide shortages & thus inflation.

It’s funny how the remainers still to this day go on and on about Brexit.

But Brexit is but a single drop in the brimming bucket of economic poo that has been covid. And yet we don’t see the same bile and vitriol for the lovers of masks and lockdowns when compared to those who wanted national sovereignty and independence from the EU.

[oowee]

4 minutes ago, Mungler said:

It’s funny how the remainers still to this day go on and on about Brexit.

But Brexit is but a single drop in the brimming bucket of economic poo that has been covid. And yet we don’t see the same bile and vitriol for the lovers of masks and lockdowns when compared to those who wanted national sovereignty and independence from the EU.

Because it's a 4% hit on the economy equivalent to 4p on the basic rate of tax. A hit with no value whatsoever. A self inflicted kick in the proverbials for what? Tell me one benefit? 

[Mungler]

18 minutes ago, oowee said:

Because it's a 4% hit on the economy equivalent to 4p on the basic rate of tax. A hit with no value whatsoever. A self inflicted kick in the proverbials for what? Tell me one benefit? 

Self determination and independent currency so we don’t get sucked down the EU vortex when that pack of cards collapses.

All Brexit plans got washed away with Covid.

Mind you, if we’d have stayed in the EU we’d be asking ‘so how has staying in benefitted us’  as we then are told what vaccines to use by the EU, when we can turn the gas on / off and Macron decides the UK’s military spending as head of the new European army we are then mandated to join.

 

[12gauge82]

1 hour ago, Mungler said:

It’s funny how the remainers still to this day go on and on about Brexit.

But Brexit is but a single drop in the brimming bucket of economic poo that has been covid. And yet we don’t see the same bile and vitriol for the lovers of masks and lockdowns when compared to those who wanted national sovereignty and independence from the EU.

This

38 minutes ago, Mungler said:

Self determination and independent currency so we don’t get sucked down the EU vortex when that pack of cards collapses.

All Brexit plans got washed away with Covid.

Mind you, if we’d have stayed in the EU we’d be asking ‘so how has staying in benefitted us’  as we then are told what vaccines to use by the EU, when we can turn the gas on / off and Macron decides the UK’s military spending as head of the new European army we are then mandated to join.

 

And this

[oowee]

49 minutes ago, Mungler said:

Self determination and independent currency so we don’t get sucked down the EU vortex when that pack of cards collapses.

All Brexit plans got washed away with Covid.

Mind you, if we’d have stayed in the EU we’d be asking ‘so how has staying in benefitted us’  as we then are told what vaccines to use by the EU, when we can turn the gas on / off and Macron decides the UK’s military spending as head of the new European army we are then mandated to join.

 

So no benefits then just costs, inconvenience, more migrants, shortage of workers, spiraling wage claims and a declining gdp. 

[Mice!]

4 minutes ago, oowee said:

So no benefits then just costs, inconvenience, more migrants, shortage of workers, spiraling wage claims and a declining gdp. 

How many countries in Europe are doing well at the moment?

Knowing that we aren't going to have to switch to the Euro or have to tow the line Germany and France tell us is a massive relief. 

[oowee]

1 minute ago, Mice! said:

How many countries in Europe are doing well at the moment?

Knowing that we aren't going to have to switch to the Euro or have to tow the line Germany and France tell us is a massive relief. 

Not even on the cards. It will be I guess when we rejoin. 

[12gauge82]

21 minutes ago, oowee said:

So no benefits then just costs, inconvenience, more migrants, shortage of workers, spiraling wage claims and a declining gdp. 

Little if any of that is down to Brexit, talk about clutching at straws. 

[Mice!]

4 minutes ago, oowee said:

Not even on the cards. It will be I guess when we rejoin. 

Well I hope there's no look at rejoining,  we'd end up in a far worse situation than when we left.

And how many countries in Europe are doing well? The ongoing situation in the Ukraine has shown just how fragile things are.