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<blockquote data-quote="farmerm" data-source="post: 8123818" data-attributes="member: 7195"><p>Last time we had these inflation figures the base rate was 10%...... The whole system is broken because we have for a generation been living beyond our means building up such debt that a 10% base rate now would bankrupt both personal finances and national finances. Forecast is rate will rise to 2.75% for an average UK mortgage of £190,000 that will raise interest by over £300/month, on top of fuel costs that is going to cripple a lot of folk.</p></blockquote><p></p>
[QUOTE="farmerm, post: 8123818, member: 7195"] Last time we had these inflation figures the base rate was 10%...... The whole system is broken because we have for a generation been living beyond our means building up such debt that a 10% base rate now would bankrupt both personal finances and national finances. Forecast is rate will rise to 2.75% for an average UK mortgage of £190,000 that will raise interest by over £300/month, on top of fuel costs that is going to cripple a lot of folk. [/QUOTE]
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