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The Langers Forum
Jesus lads, 'tis looking like BREXIT!
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<blockquote data-quote="Yorkman" data-source="post: 7109313" data-attributes="member: 49522"><p>It’s going to be worse in my opinion, back then, if you didn’t lose your job and had a mortgage, you were a lot better off as interest rates were slashed. People and businesses also had some surplus built up during the boom years up to 2008.</p><p></p><p>I worked in London and we had no recession outside of it taking a lot longer to sell houses. </p><p></p><p>None of that exists now and those working with mortgages are being hit from all sides and the Bank of England can be expected to increase rates further. </p><p></p><p>Treasury and Bank of England are now working against each other, saw a commentator saying that it’s like driving with the accelerator and brake pressed at the same time. </p><p></p><p>I despair</p></blockquote><p></p>
[QUOTE="Yorkman, post: 7109313, member: 49522"] It’s going to be worse in my opinion, back then, if you didn’t lose your job and had a mortgage, you were a lot better off as interest rates were slashed. People and businesses also had some surplus built up during the boom years up to 2008. I worked in London and we had no recession outside of it taking a lot longer to sell houses. None of that exists now and those working with mortgages are being hit from all sides and the Bank of England can be expected to increase rates further. Treasury and Bank of England are now working against each other, saw a commentator saying that it’s like driving with the accelerator and brake pressed at the same time. I despair [/QUOTE]
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Jesus lads, 'tis looking like BREXIT!
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