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Look at a graph of USD against GBP, Euro and Yen for the past 5 years. I agree with the general sentiment but this isn't a problem that is exclusive to the UK.
by dazc 4y ago
Look at a graph of USD against GBP, Euro and Yen for the past 5 years. I agree with the general sentiment but this isn't a problem that is exclusive to the UK.
- happymellon 4y agoDo we have an article talking about some financial institutions suspending new mortgage offers in the Eurozone? I'm not saying that inflation isn't a problem elsewhere, I'm saying that the issue in this scenario is that the markets are panicking due to general long term financial mismanagement and doubt over the sustainability of current policy from both the Government and the Bank of England.
- dazc 4y agoBorrowing rates will have to rise, as they have done already in the US, as everyone has been fully aware for sometime. My confidence in financial institutions ability to see what is clearly in front of them has been severely tested over the past few months.