sally cinnamon wrote:For most of your post the correct answer is "no shet Sherlock" but there are no signs that the interest rates on UK government bonds are going up.
In fact I will make two 'positive' predictions for the next couple of years, despite the gloom, inflation will be low and the interest rate on UK government borrowing will be low. Inflation will be low because of the absolute dearth of demand. Government bond yields will be low because long term expectations of UK interest rates are low as everyone knows we will be in the doldrums for ages and the Bank of England will keep rates at the floor, for the limited amount of good that it will do...
I come of a 5 year fixed rate deal in a month and go to the base rate on my mortgage. It's the best pay rise I've had.
However every silver lining has a cloud, our sales are cruising at around 83% of quota because nobody has any f*****g money to spend - hence I've already lost 20 times any mortgage reduction in bonus payments.
Swings and er....roundabouts?
