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<blockquote data-quote="Tarw Coch" data-source="post: 8126246" data-attributes="member: 1008"><p>Remember it well, it was the day we signed for a block of land up the road, dad came home from market looking worried, he’d heard a rumour base rate had jumped from 10 to 13 percent.</p><p>It had just come on the radio, it was worse it was now at 15 percent.</p><p>We sat at the dinner table heads in hands not wanting to eat</p><p></p><p> By night chancellor Norman Lamont had pulled out of the ERM and base rate was back to 10 percent .</p><p></p><p>Interest rates eased gradually over the next few years which were very good years for us and land we had planned on paying off over 10 years was paid off in about a third of that time.</p></blockquote><p></p>
[QUOTE="Tarw Coch, post: 8126246, member: 1008"] Remember it well, it was the day we signed for a block of land up the road, dad came home from market looking worried, he’d heard a rumour base rate had jumped from 10 to 13 percent. It had just come on the radio, it was worse it was now at 15 percent. We sat at the dinner table heads in hands not wanting to eat By night chancellor Norman Lamont had pulled out of the ERM and base rate was back to 10 percent . Interest rates eased gradually over the next few years which were very good years for us and land we had planned on paying off over 10 years was paid off in about a third of that time. [/QUOTE]
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