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GBP in crisis, interest rates increase to save pound
I hope they put it up by 5%. That's an extra 50k a year to me in interest payments.
I'd love that, but they won't. An interest rate of 5- 6% is still low in historical terms.
But, the economy would collapse like a deck of cards.
Just goes to show how our so-called "prosperity" is just smoke and mirrors held together by the quick heroin fix of free money.
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