- Location
- South Wales UK
Chancellor raised rates today.
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And ag land at 20 grand plus an acre average for grade 2And there was some bright sparks on here predicting negative interest rates 10 months ago.
Vat on the up? Surely not? it's already crucifying for most.Interest rates up.
Electric prices up
NI rates up
Vat going up apparently.
Rates going up.
Up up up is the game.
We have today received a annual letter regarding OD renewal, are accounts are showing more profit than a number of years but bank want to increase their rate by 1% to 3.5% on top of base. Plus renewal charge gone up.
I can remember years ago doing deals with our bank manager that if we reached little targets he would adjust our interest rate etc, all history these days!“bank want to”
I don’t think it’s negotiable I think they are just telling you what is going to happen. That’s how it seems to be with Barclays now
25% vat would fairly out the lid on inflation thoughPushing vat up is to much in my opinion. 20% is already to much.
i thought we were meant to go back to 17.5% when we recovered from the 2008 recession
Put the lid on feckin everything.25% vat would fairly out the lid on inflation though
And how many money trees can you get to the acre..... ,!Back when interest rates were 15% land was £3k an acre, so a 25 year loan was £456/acre.
With rates at say 4% and land at £10k an acre the same loan is £636/acre.
Also, with the former the majority of the loan would be offset-able against tax, whereas with the latter you would need to pay your tax before paying most of the repayment.
And probably trigger a huge recession as wages are already worth less and less each day25% vat would fairly out the lid on inflation though
But a lot harder to evade ,except claiming back on a few extras through business.the richer you are the more you spend so the more you payPut the lid on feckin everything.