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Post by sheepy on Aug 27, 2023 21:23:27 GMT
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Post by Pacifico on Aug 27, 2023 21:43:53 GMT
Thurrock and Croydon who have gone bankrupt only got into trouble because they decided to get involved in property speculation that went wrong.
I'm not a fan of the current set up of the BoE or their interest rate policy but to blame idiot decisions by local Councillors on them is rather unfair.
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Post by sheepy on Aug 27, 2023 21:51:12 GMT
Thurrock and Croydon who have gone bankrupt only got into trouble because they decided to get involved in property speculation that went wrong. I'm not a fan of the current set up of the BoE or their interest rate policy but to blame idiot decisions by local Councillors on them is rather unfair. Well that's the problem with debt, once the interest rates go up so do your repayments, as anyone struggling with a mortgage will tell you, while blaming the current interest rate rises on the consumer when it was created by greed filled commodity suppliers, so the consumer got lumbered both ways. While the government is left trying to make up a shortfall and borrowing at a greater rate than ever. |
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