- Joined
- Jun 5, 2015
- Location
- Near Newcastle
And that elephant is developing sever borborygmusThe big issue and the elephant in the room is the rate of inflation, not withstanding the fact that the furlough scheme has ended, the universal credit uplift payment of £20 a week has ended and the increase to NI contributions just voted through.
To stop inflation getting out of control, the BoE will have to raise interest rates. We have all been used to extremely low rates since the financial crash in 2008. Don't be surprised if it rises a couple of percentage points over the next 18 months.
Those on variable tracker rate mortgages might want to start thinking about locking down a fixed rate deal.
I have also read that another financial crash is imminent. With govt support all but now removed, it could be trying times for a lot of people in the near future
In America there are huge companies buying up vast amounts of properties and are renting many of them back to the sellers as well as buying up new builds.