Any homeowners are in line for an increase in their mortgage payments soon, as the Bank of England increases interest rates. A major reason for the rate rise is the big jump in the rate of inflation announced this week, and a big factor in the rate of inflation is the obscene bonuses being paid to City workers in the financial sector in London. Article here http://news.independent.co.uk/business/comment/article2461495.ece
So as they get richer and try to find luxury apartments to blow their bonuses on, or ring their coke dealer to order an extra kilo a month, you get poorer.
Funky_Gibbon
20-04-2007, 18:26
The sudden increase in oil prices because of the Iranian hostage crisis is also a major contributing factor to the jump in inflation.
shoeshine
20-04-2007, 18:35
Any homeowners are in line for an increase in their mortgage payments soon, as the Bank of England increases interest rates. A major reason for the rate rise is the big jump in the rate of inflation announced this week, and a big factor in the rate of inflation is the obscene bonuses being paid to City workers in the financial sector in London. Article here http://news.independent.co.uk/business/comment/article2461495.ece
So as they get richer and try to find luxury apartments to blow their bonuses on, or ring their coke dealer to order an extra kilo a month, you get poorer.
I heard this story yesterday.....the excuse for the massive bonuses for these people is "Well they work under pressure, and they have insecure jobs. They have to make their money while they can."
Pardon me, but doesn't every one these days?
It truly is obscene, but under this regime running the asylum called the U'K at present there is no chance of redress to this unfair system.
:loopy:
its not bad for all. i dont have a mortgage but have savings so its not so bad.
If they're getting bonuses, good on them :) stronger profits for UK companies generally leads to a stronger economy in general which is good for everyone.
Not actual fact, just what seems like common sense to me.
Capitalism in action.
I read the title to this thread totally wrong.:hihi: