Message from @B[]
Discord ID: 624498186291118080
they do that, they'll crush the housing market and make people homeless, so nah
not necessarily
They can't do anything except raise it extremely slowly without crippling people
for example....
And even small increments in interest rates will suck so much spending power out of the system it'll stall growth
when I got my 5yr fixed - the base rate was at 0.5% and my rate was 1.79% ... that same mortgage is now at 1.59% and the base rate is 0.75%
How much of that is because government bonds are going negative in large chunks of the western world?
I.E. it's not a sign of a healthy economy
banks are still competing for customers too.. so up-ing the base rate wont necessarily crush people
Putting it up 1% will
Putting it up 5% definitely will
I mean if they put it up another quarter point and at the end of my term the mortgages are still at 1.79% then it makes no difference to me
and theyre not going to put it back to 5% for a long while... it will be a crawl back... unless there is a massive boom
There'll be shit tons of people not on a fixed rate for whom a 1% hike would cost them a fortune
Either way, it doesn't resolve the need to prevent population levels rising in England
I remember having a fair amount of savings back in 2007 and I was getting something like £100 a month just in my current account
think it was in the region of 10k or something... which was a fair amount to save up for a younger lad
then again Ive been working since I was 14 😛
The days of interest-bearing bank accounts is long gone, and won't be coming back any time soon
I'm personally glad that potentially the next leader of the Country won't be a Marxist fool, oh wait... https://www.youtube.com/watch?v=pZvAvNJL-gE
I fought the downfall of Western Civilization was a tragedy now I know it's a commedy.
I dont need to watch that to guess he said other places were doing it wrong... but Ill watch later either way
@Holincxas Know, he ignores that entirely, he speaks from a perspective of ideology and then points the finger at the apparent failings of capitalism
If only the dumb ass had picked up a history book, he might not be such a massive Commie
Well tbf he did fail school so we all know his educational apptitude was poor at best.
Hah did he? That's news to me
Not an amazing start https://en.wikipedia.org/wiki/Jeremy_Corbyn#Early_life :
> While still at school, he became active in The Wrekin constituency Young Socialists, his local Labour Party, and the League Against Cruel Sports. He joined the Labour Party at age 16 and achieved two A-Levels, at grade E, the next to lowest-possible passing grade, before leaving school at 18. Corbyn joined the Campaign for Nuclear Disarmament (CND) in 1966 whilst at school and later became one of its three vice-chairs and subsequently vice-president.
So he's a Greta <:hyperthink:462282519883284480>
biggest brain most centrist
All parents who took their children out of school for this must be fined
Because that is in fact not legal
Fucking idiot lol
Oof.
pretty hardcore<:Nice:595347902155718666>
'constructive totally not polarizing politics'