Just in case you thought lower inflation has eased the cost of living crisis, spare a thought for the 1.6m households that during then next nine months will see their cheap fixed rate mortgage deals end & be shifted to new mortgages with (often) up to three times the interest rate (and associated payments).
The BoE shows little sign of recurring rates so their sado-moneterist aim of causing workers pain to disciple them will continue; 'if its not hurting, its not working'
#inflation #economics
Emeritus Prof Christopher May /
npub1hr…f2ktj
2024-04-21 09:09:51
Author Public Key
npub1hr0x0gm9ksmvuvqwkyzfjuczv9pln83axuftxfhnq2maday69ypqtf2ktjPublished at
2024-04-21 09:09:51Event JSON
{
"id": "568870958048c19ae0cc78b9934818cbe1463c215ace848ccee408a4bdb473f8",
"pubkey": "b8de67a365b436ce300eb1049973026143f99e3d3712b326f302b7d6f49a2902",
"created_at": 1713690591,
"kind": 1,
"tags": [
[
"t",
"Inflation"
],
[
"t",
"economics"
],
[
"proxy",
"https://zirk.us/users/ChrisMayLA6/statuses/112308426606536544",
"activitypub"
]
],
"content": "Just in case you thought lower inflation has eased the cost of living crisis, spare a thought for the 1.6m households that during then next nine months will see their cheap fixed rate mortgage deals end \u0026 be shifted to new mortgages with (often) up to three times the interest rate (and associated payments).\n\nThe BoE shows little sign of recurring rates so their sado-moneterist aim of causing workers pain to disciple them will continue; 'if its not hurting, its not working'\n\n#inflation #economics",
"sig": "523cf302f859a07ebd9a8b594a7c2c67ed32c62a6fdeb9a356f453c4ffbce095bc71cbd2fd4f1d0c4c867ba427f276ba8da38c39856991bb0f74cb2e41318816"
}