Move along now, nothing to see here

 

Rachel from Customer Complaints has it all under control

 

Quote

British government bond prices fell sharply on Wednesday, pushing 10-year yields to their highest since October 2008, above a level that had held since October 2023, while 30-year yields hit a new 26-year high.

Thirty-year gilt yields - which leapt on Tuesday - rose by 11 basis points to strike their highest since August 1998 at 5.359% at 11:30 GMT. Benchmark 10-year yields rose as high as 4.784%, up 10 bps on the day.

 

Another School closes due to VAT
 

Quote

An independent school in Leicestershire says it plans to close due to "financial challenges", including the introduction of VAT on school fees.

Loughborough Amherst School informed parents of 284 pupils on Monday it is proposing to permanently close at the end of the academic year on 4 July.

 

https://www.bbc.com/news/articles/cwy35w5wxd4o

1 hour ago, Chomper Higgot said:

It wasn’t Heath’s policies unless you read the history, in particular Heath handing out significant pay rises to some while e forcing pay controls on others.

 

   It was the miners striking that caused the power cuts , the miners striking was NOT one of Heaths policies 

4 hours ago, Nick Carter icp said:

 

   The average mortgage rate in 1991 was 9% .

You were getting mugged of paying 15.4 %

He said 1990/1991.

 

His figure of 15.4% is accurate. I can't see where he said "average".

21 minutes ago, youreavinalaff said:

He said 1990/1991.

 

His figure of 15.4% is accurate. I can't see where he said "average".

 

   I said average , not him , he was paying 50 % above the average rate 

1 hour ago, Nick Carter icp said:

 

   It was the miners striking that caused the power cuts , the miners striking was NOT one of Heaths policies 

Heath’s policy of controlling wages through income freezes and anti-union legislation (the Industrial Relations Act 1971) escalated tensions with trade unions resulting in the miners striking......so it was Heath's (notice the possessive apostrophe) policies that led to power cuts.

40 minutes ago, Nick Carter icp said:

 

   I said average , not him , he was paying 50 % above the average rate 

He said in 1990/1991 his mortgage rate was 15.4%. The rate did reach that level during 1990.

 

You then changed the date to only 1991 and used "average" in attempt to debunk his claim.

 

His claim is correct. 

40 minutes ago, youreavinalaff said:

He said in 1990/1991 his mortgage rate was 15.4%. The rate did reach that level during 1990.

 

You then changed the date to only 1991 and used "average" in attempt to debunk his claim.

 

His claim is correct. 

 

 1991 is in 1990/1991 , the mortgage rate in 1991 was about the same as in 1990 .

  OK the mortgage rate in 1990/1991 was 9.97 % and 9.07 % respectively . 

  Although bank rates vary and you could have been paying more or less , 

11 minutes ago, Nick Carter icp said:

 

 1991 is in 1990/1991 , the mortgage rate in 1991 was about the same as in 1990 .

  OK the mortgage rate in 1990/1991 was 9.97 % and 9.07 % respectively . 

  Although bank rates vary and you could have been paying more or less , 

"SVR peaked at 15.40% in 1990 — throughout the year the 'average' SVR was 14.30%, but the average fixed rate mortgage was available at a lower amount of 13.75%."

 

 

Link https://www.mpamag.com/uk/news/general/15-years-since-the-peak-of-mortgage-rates/365633#:~:text=* In October 1990%2C a month,between February and November 1990.

47 minutes ago, youreavinalaff said:

"SVR peaked at 15.40% in 1990 — throughout the year the 'average' SVR was 14.30%, but the average fixed rate mortgage was available at a lower amount of 13.75%."

 

 

Link https://www.mpamag.com/uk/news/general/15-years-since-the-peak-of-mortgage-rates/365633#:~:text=* In October 1990%2C a month,between February and November 1990.

 

   Those were for new mortgages available at the time , people on long term fixed rate mortgages would have bought the average percentage down 

12 minutes ago, Nick Carter icp said:

 

   Those were for new mortgages available at the time , people on long term fixed rate mortgages would have bought the average percentage down 

The original poster you quoted said his mortgage rate in 1990 was 15.4%. You said that was wrong. The link I posted shows he wasnt wrong.

 

You now say only new mortgages would pay that. The link I posted shows the rates as variable rates. So, no, not just new mortgages but those on variable rates also.

 

If you read the link fully, you'll see fixed rates were averaging over 13%. Well above your unsubstantiated figures.

 

Once again, the poster you quoted is correct. You are incorrect to question him/her. As my link proves. 

1 minute ago, youreavinalaff said:

The original poster you quoted said his mortgage rate in 1990 was 15.4%. You said that was wrong. The link I posted shows he wasnt wrong.

 

You now say only new mortgages would pay that. The link I posted shows the rates as variable rated. So, no, not just new mortgages but those on variable rates also.

 

If you read the link fully, you'll see fixed rates were averaging over 13%. Well above your unsubstantiated figures.

 

   Those on lower fixed rate mortgages (arranged a few years previously ) would have bought the average rate down , is what I meant 

16 minutes ago, Nick Carter icp said:

 

   Those on lower fixed rate mortgages (arranged a few years previously ) would have bought the average rate down , is what I meant 

Irrelevant to your original post.

 

You're yet to post a link showing rates around 9% for 90/91.

Yesterday

 

 

 

Reeves's boat race at PMQ's

 

 

 

That look when you finally realise it is all going Pete Tong.

18 hours ago, The Cyclist said:

Yesterday

 

 

 

Reeves's boat race at PMQ's

 

 

 

That look when you finally realise it is all going Pete Tong.

 

The UK is indeed an outlier.

 

Many Western countries are removing their useless left wing leaders and voting in governments with more conservative values. The UK has done the opposite and elected left wing loonies, and will soon reap the rewards of recession.

On 1/8/2025 at 1:11 AM, JonnyF said:

I think he will do a Biden and hang on until the very last minute before the next election, before quitting for an inept DEI replacement who loses catastrophically. 

 

He doesn't have the moral fibre required to accept his mistakes and resign now. Besides, he has plenty more damage he can do in the next 4 years. Too tempting for someone who loathes Britain like Starmer does. 

Bit confused here. What mistakes have been made in the first few months?

3 hours ago, spot said:

Bit confused here. What mistakes have been made in the first few months?

 

Everything they've done is to repair the economy.  Will it work?  It's too early to tell, but if it doesn't Labour will lose the next election in 2028/2029.  I suspect some posters on this Forum are not from the UK and don't understand how it works her.

2 hours ago, brewsterbudgen said:

 

Everything they've done is to repair the economy.  Will it work?  It's too early to tell, but if it doesn't Labour will lose the next election in 2028/2029.  I suspect some posters on this Forum are not from the UK and don't understand how it works her.

Yes. Agree. Although I would add that: some posters here could be from the UK and still don't understand how a democracy works. 

 

I'm also confused about how some on here want foreigners out of the UK -because they're 'taking over', but are ok with foreigners trying to..er take over. Could someone explain?