Interest rates on the Up.

[Still Farming]

Chancellor raised rates today.

 

[Still Farming]

Mod delete if want as other posts.

 

[Still Farming]

https://www.facebook.com/228735667216/posts/10159277432972217

 

[Wombat]

Good we need a sensible interest rate for both sides of the borrow/save divide

 

[7610 super q]

Good. About ffffing time.

 

[Bill the Bass]

And there was some bright sparks on here predicting negative interest rates 10 months ago.

 

[robs1]

And there was some bright sparks on here predicting negative interest rates 10 months ago.

And ag land at 20 grand plus an acre average for grade 2

 

[midlandslad]

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.

 

[Still Farming]

Interest rates up.
Electric prices up
NI rates up
Vat going up apparently.
Rates going up.

Up up up is the game.

 

[Martyn]

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.

 

[Tubbylew]

Interest rates up.
Electric prices up
NI rates up
Vat going up apparently.
Rates going up.

Up up up is the game.

Vat on the up? Surely not? it's already crucifying for most.

 

[An Gof]

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.

“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

 

[Martyn]

“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

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!
Glad it's not just NatWest who are like it!

 

[Courier]

From 1/4% to 1/2% should have created the headline —
“INTEREST RATES DOUBLED !”

 

[ARW]

Pushing 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

 

[Andrew1983]

Pushing 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

25% vat would fairly out the lid on inflation though

 

[Tubbylew]

25% vat would fairly out the lid on inflation though

Put the lid on feckin everything.

 

[Hjcarter]

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 how many money trees can you get to the acre..... ,!

 

[ARW]

25% vat would fairly out the lid on inflation though

And probably trigger a huge recession as wages are already worth less and less each day

 

[goodevans]

Put the lid on feckin everything.

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 pay