Inflation - when is this going to end?

[Bill Walker]

Hiking the interest rates up is not having the slightest impact on inflation

As interest rates are increased, consumers tend to save as returns from savings are higher. They also spend less on things which are unnecessary ....With less disposable income being spent as a result of the increase in the interest rate, the economy slows and inflation decreases.
It's the best way to combat (what could become) spiraling inflation.
None of us want that.

 

[BerkshireBlue]

It's been shown that petrol should be priced at £1.60 which also includes a 10% margin for the retailer (should normally be 2%). They are now taking the piss with this profiteering

 

[BerkshireBlue]

As interest rates are increased, consumers tend to save as returns from savings are higher. They also spend less on things which are unnecessary ....With less disposable income being spent as a result of the increase in the interest rate, the economy slows and inflation decreases.
It's the best way to combat (what could become) spiraling inflation.
None of us want that.

this only works when people are spending money on random shit they don't need this is simply not the case for this disaster that's coming. This is an unprecedented situation, it's not like the late 70's it's far far worse

 

[Bill Walker]

this only works when people are spending money on random shit they don't need

Haha, depends what you class as "random shit".... I've recently seen reports of many thousands of people queueing at airports in the UK for foreign holidays. Flights cancelled through lack of staff etc.
Surely foreign holidays are not "needed".

 

[Scottyboi]

Haha, depends what you class as "random shit".... I've recently seen reports of many thousands of people queueing at airports in the UK for foreign holidays. Flights cancelled through lack of staff etc.
Surely foreign holidays are not "needed".

Loads will have been booked 2 years ago.

 

[FantasyIreland]

Haha, depends what you class as "random shit".... I've recently seen reports of many thousands of people queueing at airports in the UK for foreign holidays. Flights cancelled through lack of staff etc.
Surely foreign holidays are not "needed".

I suspect 'many thousands' with high pressured occupations/lifestyles and stress levels through the roof......will very much disagree with you.

 

[paulchapo]

I suspect 'many thousands' with high pressured occupations/lifestyles and stress levels through the roof......will very much disagree with you.

Blow everything and go on benefits. They want to screw hard working people over stop playing the game. Why work if everything is going on bills? Stay at home,claim for everything.

 

[bluemoon32]

Bought my first house in the late 80's, i think the rate was 13.5% at the time

 

[Uncle Wally One Ball]

Bought my first house in the late 80's, i think the rate was 13.5% at the time

Yep. Interest rates are still very low, but the younger generation have probably never known anything other than virtually zero and so have never factored them into any planning. Hence why everyone has everything on the drip these days and are mortgaged up to the tits. I wouldn't be able to sleep with the debt burden most of the people I work with have got. They think nothing of it though

 

[Blue Maverick]

Yep. Interest rates are still very low, but the younger generation have probably never known anything other than virtually zero and so have never factored them into any planning. Hence why everyone has everything on the drip these days and are mortgaged up to the tits. I wouldn't be able to sleep with the debt burden most of the people I work with have got. They think nothing of it though

Many youngsters still live at home with a flash lease car and lots of disposable income, I think you will still see these going out getting pissed, but families will disappear into their homes once kids go back to school, if they aren’t looking at their finances now they never will. It’s going to be a shit winter and Xmas for many home owners, retail and a lot of the leisure industry will suffer, a lot may lose everything.