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They could, but it would probably risk more providers going bust; especially those who aren’t also generators.
The advantage of nationalisation would be that the government could just fix any price. The disadvantage is that any price increase would be blamed on the government of the day. But they would then, at least, have an incentive to keep prices as low as possible.
Not remortgaging, but the PCP for my car ends in Q2 next year. I don’t really fancy getting a new one right now so my plan is to refinance the balloon, but now I’m wondering whether getting a settlement figure and refinancing now is a better idea.
Luckily I have some friends who work in the car financing world, so I’ll run the numbers by them and see what they think.
The car financing broker I use has told me that all finance companies are re-evaluating their rates with every BoE increase. If you’re hedging against the increase over the next years being above what you can get now, then getting locked in sooner at a lower % is better.