Conor:
Winseer:
Suddenly those plates you spent thousands on - are utterly worthless…
The government gets to pick more of our pockets, determined to cause the deepest recession for a century…
Where’s the outrage, the protests at that■■
ALEX BRUMMER: Why higher rates are futile | This is Money
The outrage is from those who’ve got addicted to cheap credit, live beyond their means buying everything on tick. For those of us a bit longer in the tooth the mortgage interest rates are now back to where they were most of our lives. In fact where the Bank of England base rate currently is, 5%, is bang in the middle of the average range it’s been for the last 200 years. Until the 1970s it had typically been between 4-6%. It went up in the late 70s to the early 90s before dropping back down to within that range where it was with nobody complaining until after the 2008 crash when the BoE dropped it to record lows to stimulate the economy. Where it has been the last 15 years is the anomaly, not where it currently is.
If it were about “debt”, then surely we’d see signs in the economy of massive numbers of people going bankrupt, less people buying stuff in shops with credit they now cannot get IN a state of bankruptcy, and all-in-all - less economic activity BASED on debt, such as “new care sales on 0% finance” etc…
That’s NOT what we see though - is it?
Just the same old people moaning that we should re-joing the EU to get our former “Prosperity” back… WTF? Prosperity that left behind enough people to vote to Leave, if you want to connect Brexit with this…
Isn’t the real problem here - that Labour continue to be un-electable after 13 years of Tory mis-rule?
I’m sick to death of being forced to vote for the “least worse” because the party that actually BRINGS change - isn’t on our ballot papers, EVER - it seems…
What change did the Green MP and the many SNP MPs bring in the end??
Nothing - because they were unable to bring the Tories to account, with a serious alternative to wasting UKplc’s money on daft schemes that benefit all-too-few actually living and working here, including immigrants both legal and illegal, working or not too…
Eventually the population of such people will be the ones to say ENOUGH in their respective sub-mediterranean languages, and do something about it.
No party currently in Westminster - has the answers.
The decent thing for party backbenchers to do THIS far ahead of the next election - is to remove their own leadership completely, and start again from grass-roots support and upwards.