OK you’ve caught me out …so from now on anybody playing semantics with figures / statements should hold their head in shame
Yes. Especially Tories.
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indeed because they are the only one that are scum and play semantics lol
Its more you were responding to me making the argument that exports had been decimated post brexit by posting a very slanted number to show that they were better than ever before which is really not a great move, you didnt know the adjusted for inflation number you said but now after the adjusted number showing that its the best since just before we actually left I think my point stands that things are worse rather than better.
At least you now know to check the statements if they seem off as the gov loves to mislead with slanted numbers.
If around 33% of businesses are now no longer exporting to the EU because of the red tape of brexit it will have an affect on those numbers.
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thank you - is the ONS not independent ?
I’m not sure if you don’t understand how an increase in export revenue due to inflation is completely irrelevant?
I don’t think you were being misleading but in that case, clearly you don’t really understand the figure you quoted. That’s why posting sources helps.
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I agree I didn’t really comprehend the figure when accounted for inflation , it is fairly obvious when taking your time to view the figure rather than firing off a reply to several people / posts one after the other …I stand rebuked
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“The Bank of England says it won’t hesitate to raise interest rates by as much as needed to return inflation to the 2% target”.
Well.
Pound sterling: Bank of England says it won't hesitate to raise interest rates - BBC News?
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Lenders suspend offering new mortgages
Some UK lenders have taken new mortgages off the table in response to turmoil in British funding markets.
Halifax, the UK’s largest mortgage lender, says it will temporarily withdraw all mortgage products that come with a fee.
“As a result of significant changes in the cost of funding, we’re making some changes to our product range,” a Halifax spokesperson said in a statement.
Halifax, part of Lloyds Banking Group, says there will be no change to its product rates and that it continues to offer fee-free options at all product terms and loan-to-value levels.
Virgin Money says it is temporarily withdrawing all mortgage products for new customers at 20:00 BST, according to an email sent to brokers.
Skipton Building Society has taken its new mortgage business product range off the market with immediate effect, it told brokers in an email.
Source: BBC
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Coming soon… Some more expensive mortgage products once all these lenders rework them.
Free shafting with every enquiry.
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I suspect that it’s normal behaviour if they suspect an upcoming large interest rate hike. Just fairly uncommon.
In the case of Halifax, is so they can ditch the low interest pay a fee upfront mortgage. I suspect the rest will be similar.
The country’s largest mortgage lender Halifax said it was withdrawing its fee-paying mortgage products - where borrowers could pay an arrangement fee in exchange for a lower interest rate - and moving to a full fee-free range
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Eh? I don’t know anyone who ever feels they’ve been shafted by their mortgage provider. It’s probably the most honest transaction anyone ever makes.
The banks pulling the products will be so the providers don’t end up making a loss in such a quick–moving environment.
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I was absolutely shafted by my first mortgage provider. They ended up asking for an extra 5% deposit after our offer had been accepted because of our employment “risk profiles”. I had to short notice borrow some extra money from a family member and pay extortionate % for the first 2 years.
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I’m not normally so quick to judge chancellors, but Kwarteng clearly does not having the slightest clue what he’s doing, despite his impressive university education*. He is pretty much peak “fucked around and found out” now.
*He won University Challenge.
While true, this doesn’t change the fact that many people will now have serious concerns as to how they’re supposed to be able to service their mortgage debt when buying a new home, or more likely, having to arrange a new mortgage deal following their last fix term expiring.
This is quite possibly the most fucked I have ever seen the economy get in my lifetime - which after 2008 and austerity, I scarcely thought possible. As the next general election isn’t until 2024, if things don’t turn around soon I predict riots in 2023.
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Sure, but at the most basic level, every person taking out a mortgage knows the interest rate could go up during its life.
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He knows exactly what he’s doing. He’s too bright not to.
He’s seen the chance to climb the greasy pole and accepted the cost to the country of it.
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he’s taken on a difficult job at an unprecedented time …is that climbing the greasy pole ??? and do you not think he considered that these tax cuts he is putting in place will either cripple the country or save the country - I would say he’s more … accepted the poison Chalice…unfortunately I dont think the Conservatives will have time to turn things around with the economy with the state of the world economy …but the option was to do the same as the previous chancellor …
As an aside I have just received my £67- just like every other householder in the Country (??) for my fuel subsidy … whether I need it or not… which seems a waste of resources - should all be means tested , but no MPs seems to like that option publicly - wonder why ?
You just know he wants to be well known as the man who ruined it all. It’s gonna haunt him forever and a day this. Absolute fool who can’t even button his mouth to suggest more tax cuts are coming. That’s it keep on spooking the entire market and all the investment funds.