Originally posted by BrilloPad
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Reply to: Pay it back
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Previously on "Pay it back"
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Originally posted by Fred Bloggs View PostAs they surely as night follows day. 6 or 7% base rate within 2 to 3 years I reckon. Fix your mortgage rate now if you have one.
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Originally posted by BrilloPad View PostSo in theory interest rate rises should hit people very hard when they come?
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So in theory interest rate rises should hit people very hard when they come?
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Originally posted by minestrone View PostAs I was saying the other day Major used the budget in 1990 to try and stop the increase in consumer debt, bringing in TESSAS. He realised at the time that too much debt is dangerous and looking at that graph it obviously worked.
It just goes to show what an arse Labour have made of the country.
... and then in 1997 Labour abolished PEPS that allowed people to save 9K annually tax free and brought in the ISAs that reduced this amount considerably. On top of this they abolished tax credits on dividends that destroyed pension saving and we all know where that leaves us. A Labour government means tax, tax and more tax. People will learn one day.
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As I was saying the other day Major used the budget in 1990 to try and stop the increase in consumer debt, bringing in TESSAS. He realised at the time that too much debt is dangerous and looking at that graph it obviously worked.
It just goes to show what an arse Labour have made of the country.
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Pay it back
Scary graph:
http://ftalphaville.ft.com/blog/2009...ntral-bankers/
It really is all new Lie-Bore's fault.Tags: None
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