 Poster: A snowHead
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achilles, the base rate is not the only reason for your poor savings returns. The bank have increased their margins. 5 year fixed rates on mortgages are still arounf 4.7%, a rate that could have been achieved 10 years ago. They used to work off a margin of 0.5% to 0.75% but now a trying nearer 4%. There are some better deals out there, just shop around, but I would say that as I work in financial services
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Obviously A snowHead isn't a real person
Obviously A snowHead isn't a real person
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2.5 per cent hahah... I remember when banks offered their staff 5 per cent below base as a tax free perk..
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Well, the person's real but it's just a made up name, see?
Well, the person's real but it's just a made up name, see?
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High interest rates rob those on fixed incomes.
The douchebags win again.
An upscale economy like the US will pull through.
UK is strictly for losers.
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You need to Login to know who's really who.
You need to Login to know who's really who.
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| Latchico wrote: |
| An upscale economy like the US will pull through. |
Not any time soon, I fear. Obama, like Bush before him, is spending money that the American people haven't earned. The US economy is not responding, and one day soon there will be a reckoning.
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Anyway, snowHeads is much more fun if you do.
Anyway, snowHeads is much more fun if you do.
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| laundryman wrote: |
| Latchico wrote: |
| An upscale economy like the US will pull through. |
Not any time soon, I fear. Obama, like Bush before him, is spending money that the American people haven't earned. The US economy is not responding, and one day soon there will be a reckoning. |
Yeah I know, but praising America and knocking the UK is part of the style I am trying to copy. Imitation is the sincerest form of flattery, so they say. Work with me on this one.
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You'll need to Register first of course.
You'll need to Register first of course.
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Today - EEF report 4% growth in manufacturing in next 12 months, 800 new jobs at Barclays, also more at Santander. Signs of improvement?
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barry, lors of rum then?
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You'll get to see more forums and be part of the best ski club on the net.
You'll get to see more forums and be part of the best ski club on the net.
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Latchico, 
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snowHeads are a friendly bunch.
snowHeads are a friendly bunch.
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And love to help out and answer questions and of course, read each other's snow reports.
And love to help out and answer questions and of course, read each other's snow reports.
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now i wouldn't class myself as particularly clever, but to me it's blatantly obvious that one day interest rates will rise from their current all time low.
this doesn't seem like news to me.
or maybe i'm just more intelligent than i thought (nah!) or everyone else is less intelligent than i thought? (i hope not or we're in trouble).
what i don't understand is why the global financial mess seemed such a surprise to so many people. i hardly ever watch the news on tv or read the papers, yet even i can recall seeing many reports about the stupid debts that were being racked up by morons all over the place & the over the top mortgage deals offered to total losers.
i heard many times that there would be a global crash so i'm sure most others must've heard the same. 
rant over.
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bythesea, you'll find you can type capital letters (there the one s that LOOK LIKE THIS) by using the shift key (that's the one with the upwards-pointing arrow at the left of your keyboard). Grown-up stuff, I know - but I think you're nearly ready for it. 
Not sure why this thread isn't in Apres - still, if the BBC can do dumb-down, why shouldn't we?
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You know it makes sense.
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Oooh. A thread on snowheads related to my occupation. Exciting.
Interest rates probably won't go up until the economy shows stronger signs of recovery I'd imagine. The government will favour growth above reduced inflation in the short term.
Unemployment and other growth signs have not been favourable of late. So potentially bad news for savers there.
Levels of national debt (used to fund the budget deficit) has not improved despite the 'austerity' measures imposed by Gideon.
Companies/groups are striking at new policies been passed by the government.
The weather is affecting travel/the airports, and many people can't get to the shops and spend.
In short, it's not in a good way.
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Otherwise you'll just go on seeing the one name:
Otherwise you'll just go on seeing the one name:
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| v1cky24 wrote: |
| The weather is affecting travel/the airports, and many people can't get to the shops and spend. |
But in addition, isn't the weather affecting travel/the airports so that more people will spend some more money in the UK ?
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Poster: A snowHead
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moffatross, Indeed. In comparison to spending abroad yes. In terms of the general economy, the weather will be having a detrimental effect.
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Obviously A snowHead isn't a real person
Obviously A snowHead isn't a real person
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I know people in the ski travel business in Bulgaria which is almost entirely Brit based and they say it's dire. People are selling apartments because they have one or two lettings that two years ago were booked out, hotels are empty etc. UK tour operators were hugely discounting last minute deals even before February last year.
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Well, the person's real but it's just a made up name, see?
Well, the person's real but it's just a made up name, see?
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Both the industries I work in have had a better 2010 than 2009, but difficult to say if that trend will continue especially since house prices have been falling solidly since 2008, always a bad sign of where the economy is heading.
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You need to Login to know who's really who.
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FAQ
