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Economics

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Fields & fountain, moor & mountain Dec 2021 12:11pm, 16 Dec 2021 1,211 posts	Quote Pin Fields & fountain, moor & mountain Raised by 15 basis points.
GlennR Dec 2021 12:12pm, 16 Dec 2021 60,525 posts	Quote Pin GlennR Good lord, why bother.
Lost in Mud Dec 2021 12:17pm, 16 Dec 2021 5 posts	Quote Pin Lost in Mud Oh well, I called it wrong. I guess nobody wants my tip for the 2:15 at Exeter this afternoon?
lammo Dec 2021 1:40pm, 16 Dec 2021 10,910 posts	Quote Pin lammo Nor your lottery picks LiM It's the start of a very gradual return to something approaching "normality" what ever that may be. It does of course mean they can be reduced again in the future when they've gone up a little bit
lammo Dec 2021 1:42pm, 16 Dec 2021 10,911 posts	Quote Pin lammo bbc.co.uk This was quite enlightening for me on the number of actual mortgage holders and those that would be immediately affected by a rise, not many proportionally is the short answer.
Fields & fountain, moor & mountain Dec 2021 1:46pm, 16 Dec 2021 1,216 posts	Quote Pin Fields & fountain, moor & mountain Lammo - your 10910 post is something that crossed my mind. There is now travel possible in both directions.
Chrisull Dec 2021 1:58pm, 16 Dec 2021 18,845 posts	Quote Pin Chrisull Good job I signed my new fixed rate mortgage deal for 5 years last month...
lammo Jan 2022 9:49am, 19 Jan 2022 11,018 posts	Quote Pin lammo Were we expecting inflation to be quite so high so quickly? Will this have any impact on the rate setting meeting in February? In the grand scheme of things this is supposedly short term, a couple of years of high energy prices which seem to be the main culprit for driving up prices, but i don't think the BoE will be able to let it run like this for too long without raising interest rates again. Maybe not in February, but March or April for sure. Is the change in Covid going to impact worldwide supply chains? In the UK expectation is that we will enter an endemic phase come spring but this will not be the case across the world, so we may still see an impact for another year at least. Brexit pressures, are they easing, any more costs to be added due to additional paperwork etc?
GlennR Jan 2022 10:07am, 19 Jan 2022 61,240 posts	Quote Pin GlennR The doubt in my mind relates to the impact that a rise in BofE rate might, or might not, have on inflation. If increases in prices are due to a rise in energy and supply chain costs, how does an increase in interest rates help?
Dooogs Jan 2022 10:13am, 19 Jan 2022 8,101 posts	Quote Pin Dooogs JRitchie - sorry, I never replied to your post. I've not worked in PE so I might be way off but based on: a) multiple conversations with recruitment agents where they were clear that roles they were advertising in PE-backed firms were aiming at slashing costs whilst trying to keep revenues stable. (this is fatally assuming that the recruitment agents weren't talking crap, of course); and b) Leveraged buyouts by PE or their equivalent in sports, etc - where the aim often appears to be to withdraw as much cash as you can from the business, regardless of whether the firm collapses or not. TBF, my rant may have been more at the concept of purchases where the purchased firm rather than the buyer holds the debt, rather than PR per se.