Quizzes & Puzzles51 mins ago
Rates To Rise As Prices Soar!
UK interest rates: Another rise expected as prices soar - BBC News
https:/ /www.bb c.co.uk /news/b usiness -577646 01
The Bank of England is expected to increase interest rates for an 11th consecutive time following a surprise jump in the rate of rising prices.
So ABers what's the solution? (within the realms of reality..) there must a simple answer to all of this, or must we all endure further hardship, heartbreak and increased debt..
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The Bank of England is expected to increase interest rates for an 11th consecutive time following a surprise jump in the rate of rising prices.
So ABers what's the solution? (within the realms of reality..) there must a simple answer to all of this, or must we all endure further hardship, heartbreak and increased debt..
Answers
Best Answer
No best answer has yet been selected by Roobaba. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.Still too low IMHO. 5-6% would be nearer the mark.
As for prices, it's Global so very difficult to do much about it apart from fuel and thats down to chasing a ridiculous net zero whilst we are sat on huge reserves. Would take a while to get going again but just the prospect of more resources would drive futures down. Sunak needs to get drilling and digging.
As for prices, it's Global so very difficult to do much about it apart from fuel and thats down to chasing a ridiculous net zero whilst we are sat on huge reserves. Would take a while to get going again but just the prospect of more resources would drive futures down. Sunak needs to get drilling and digging.
Solution ?
Rates should rise considerably as they have been at near theft levels for ages. But it has to be gradual for the sake of those who took advantage of the situation and recklessly over-borrowed.
Meanwhile life consists of ups and downs, and unwise decisions sometimes lead to hardship as a consequence. However we do have a welfare safety net in this country, which should help.
Rates should rise considerably as they have been at near theft levels for ages. But it has to be gradual for the sake of those who took advantage of the situation and recklessly over-borrowed.
Meanwhile life consists of ups and downs, and unwise decisions sometimes lead to hardship as a consequence. However we do have a welfare safety net in this country, which should help.
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