The Conservative Party

[Fred_Quimby]

People arguing with the donkey again??

 

[Mike D]

Under Starmer with the ERG as official opposition?

I think that you may have typo as the ERG are already in power with Starmer in opposition and the ERG are in power.

 

[Blue Maverick]

I did some numbers this am. My current mortgage of circa £200K and payment of £1,000 per month at sub 2% fix. If rates are 5% and mortgage rate is 7% when my fix ends then my payment would bounce to £1,700.

On top of energy and general inflation this is just not affordable for a huge chunk of the population. Disposable income will get wiped out.

Utter bollocks pal Because you and I know both know that decrease of the 45p tax rate will mean those lovely rich people will save us all.

 

[Chippy_boy]

Tory Britain - governed by the people you can trust with the economy and your finances

I think the harsh reality is that people have got used to what by any historical norms, are spuriously low interest rates. 2.25% or even 5% or 6% are still low by historical standards, although returning to those latter levels would doubtless cause enormous difficulty for many people. I guess understandably desperate to get onto the housing ladder, many have borrowed more than they can afford unless the rates stay as low as they have been. They've basically gambled that rates would never go up, or that their income would go up fast enough to cover it if it did.

Hopefully the rates won't peak as high as people are suggesting and only a smaller number of people will find themselves in difficulty.

And, BTW, just as an aside, I have been campaigning strongly on here for the BoE to NOT raise interest rates, whereas in fact, higher rates would be good for me because I have long since paid my mortgage off and would just get a better rate on my savings. But this can't be right because I am just a selfish **** etc.

 

[Alan Harper's Tash]

I think the harsh reality is that people have got used to what by any historical norms, are spuriously low interest rates. 2.25% or even 5% or 6% are still low by historical standards, although returning to those latter levels would doubtless cause enormous difficulty for many people. I guess understandably desperate to get onto the housing ladder, many have borrowed more than they can afford unless the rates stay as low as they have been. They've basically gambled that rates would never go up, or that their income would go up fast enough to cover it if it did.

Hopefully the rates won't peak as high as people are suggesting and only a smaller number of people will find themselves in difficulty.

And, BTW, just as an aside, I have been campaigning strongly on here for the BoE to NOT raise interest rates, despite higher rates would be good for me because I have long since paid my mortgage off. Me being a selfish **** etc.

What percentage of people live above their means on credit?

That’s the potential number of totally screwed people in the U.K.

 

[Phil1]

What percentage of people live above their means on credit?

That’s the potential number of totally screwed people in the U.K.

74.36448 %

 

[Alan Harper's Tash]

74.36448 %

Is that Nett or Gross?

 

[Phil1]

Is that Nett or Gross?

The whole mess the country is heading towards is gross mate.

 

[Bodicoteblue]

What percentage of people live above their means on credit?

That’s the potential number of totally screwed people in the U.K.

Noticed the recent proliferation of pay-day loan companies’ adverts on tv?
Someone’s looking forward to a business upturn.

 

[BlueHammer85]

I'd genuinely love to know why anyone would want to vote for these at the next election.

I'm not sure what their policies are trying to achieve on, anything?

If Labour can't win the next general election, they never will.

I know a few well off, there mortgages paid off, all they have in life is to get angry about Migrants, Meghan and Transexuals

they will continue voting Tory