• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

Reply to: Oh Dear™

Collapse

You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:

  • You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
  • You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
  • If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.

Previously on "Oh Dear™"

Collapse

  • dsc
    replied
    Originally posted by _V_ View Post
    [...] and strengths of the UK economy.

    Leave a comment:


  • Protagoras
    replied
    Originally posted by _V_ View Post
    Here we go, first step already....

    https://www.bbc.co.uk/news/business-63905505

    The government is set to announce what it describes as one of the biggest overhauls of financial regulation for more than three decades.

    It is expected to loosen rules on banks introduced after the financial crisis in 2008 when some banks faced collapse.

    The changes will be presented as an example of post-Brexit freedom to tailor regulation specifically to the needs and strengths of the UK economy.

    The legislation should - but won't - make government bailouts unlawful.

    Leave a comment:


  • _V_
    replied
    Originally posted by Dark Black View Post

    Did they learn nothing from 2008...
    They did, there's lots of money to be made with disaster capitalism, hedge funds, offshore accounts and non-dom status

    Leave a comment:


  • Dark Black
    replied
    Originally posted by _V_ View Post
    Here we go, first step already....

    https://www.bbc.co.uk/news/business-63905505

    The government is set to announce what it describes as one of the biggest overhauls of financial regulation for more than three decades.

    It is expected to loosen rules on banks introduced after the financial crisis in 2008 when some banks faced collapse.

    The changes will be presented as an example of post-Brexit freedom to tailor regulation specifically to the needs and strengths of the UK economy.

    Did they learn nothing from 2008...

    Leave a comment:


  • _V_
    replied
    Here we go, first step already....

    https://www.bbc.co.uk/news/business-63905505

    The government is set to announce what it describes as one of the biggest overhauls of financial regulation for more than three decades.

    It is expected to loosen rules on banks introduced after the financial crisis in 2008 when some banks faced collapse.

    The changes will be presented as an example of post-Brexit freedom to tailor regulation specifically to the needs and strengths of the UK economy.


    Leave a comment:


  • _V_
    replied
    Let's face it, Fishy Rishi will prop up the UK housing market using tax payers money, some kind of loan thing, that collapses, costs £100bn and 10% to some non-dom Tory donors.

    Leave a comment:


  • AtW
    replied
    Originally posted by DealorNoDeal View Post
    A mortgage of 4.5x salary may be affordable at near-zero but maybe not at 6%.
    And maybe not with falling prices...

    Leave a comment:


  • DealorNoDeal
    replied
    Originally posted by dsc View Post
    If this is not affordable for a lot of people, well then there's a big problem somewhere.
    A lot of people probably got used to ultra-low rates after they were were held near zero for 13 years. Perhaps many thought this was the new normal.

    A mortgage of 4.5x salary may be affordable at near-zero but maybe not at 6%.

    Leave a comment:


  • dsc
    replied
    Originally posted by DealorNoDeal View Post

    Hard to see this not happening with interest rates soaring, rampant inflation, a cost of living crisis, recession and unemployment.

    The markets are expecting another 0.5% from the BoE next week, and for rates to peak at over 4% next year.
    0.5% is still bugger all tbh, not sure what they are trying to do with it, inflation is currently what, 10% or above? it's not magically going to fix itself, then again, a recession would probably fix it in a way...

    As a side note, I listened to an interview with the previous BoE boss and he was saying a healthy interest rate level would be 3.5-4%, so pretty much where things are probably going to end up next year. If this is not affordable for a lot of people, well then there's a big problem somewhere.

    Leave a comment:


  • jamesbrown
    replied
    Originally posted by DealorNoDeal View Post

    Hard to see this not happening with interest rates soaring, rampant inflation, a cost of living crisis, recession and unemployment.

    The markets are expecting another 0.5% from the BoE next week, and for rates to peak at over 4% next year.
    The UK housing market never goes medium, it always goes big, boom or bust.

    Leave a comment:


  • DealorNoDeal
    replied
    That aged well.

    Leave a comment:


  • ladymuck
    replied
    https://www.theguardian.com/business...-for-mortgages

    Removing the affordability check for a 3pc rate rise implies that rates are going to increase and lots more people won't be able to afford their mortgage

    Leave a comment:


  • DealorNoDeal
    replied
    Originally posted by jamesbrown View Post
    I doubt it has gone YoY negative yet. That is probably still a few months out
    Hard to see this not happening with interest rates soaring, rampant inflation, a cost of living crisis, recession and unemployment.

    The markets are expecting another 0.5% from the BoE next week, and for rates to peak at over 4% next year.

    Leave a comment:


  • _V_
    replied
    Bedsits above kebab shops are still grey slates

    Leave a comment:


  • Paddy
    replied
    Originally posted by ladymuck View Post
    Did the actual price of housing fall or did the rate at which the price increases fall?

    (too lazy to read the article)
    House prices are 'falling' but it depends on location. Average house on a suburban estate is falling. Sought after properties such as those near railway stations or tube stations are increasing in price.

    Leave a comment:

Working...
X