UK economy: recession fears as inflation still bites

Inflation: the enemy which Rishi Sunak pledged to “face down” by the end of year - looks to be going nowhere fast, according to data released today, risking growth in the UK economy and sparking fears of recession.
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8.7% in the year to May - no change from April's figure - represents more pain for struggling households.
And with the Bank of England expected to hike borrowing costs again tomorrow to try and curb inflation, there are warnings mortgage holders could be facing an even bleaker outlook.
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[@bernadofelix]

In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.

[@SandraDave.]

If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.

[@hersdera]

you are completely right, Advisors have information and paths that are not disclosed to the public.. I profited £560k in 2022 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.

[@Suleferdinand]

Interesting! been looking to switch to an advisor for a while now but the fear of losing funds held me back, please any help pointing me to who your advisor is and how to reach them?

[@hersdera]

Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Margaret Johnson Arndt for the last five years or so, and her returns have been pretty much amazing.

[@EdwinSolomon-zs3nz]

I checked Margaret up out of curiosity and i must say i am impressed by her Credentials. i emailed her already, waiting on her response.

[@MiaKatherine-sj7ne]

We experienced the peak of our era, and now it is gone. Recession is tanking everything including 401K. My retirement equities portfolio of $750K is in the reds. I keep losing because of inflation. This world will fall to the corrupt rulers in the same way that Rome did. I'm sorry if you're thinking about retiring and you're worried that your pension won't be enough to meet the rising cost of living. Horrible foreign policies everywhere, bad regulatory policy, bad fiscal policy, and bad energy policy.

[@DaveMccarthy896]

Investing in stocks with notable fluctuations is not the only way to achieve substantial returns. Rather, it centers on the efficient management of risk in relation to reward. You can gradually move closer to accomplishing your financial objectives by sizing your positions correctly and taking advantage of your advantage frequently. This idea holds true for all types of investing strategies, including day trading and long-term investing.

[@ClemenceRoskelley]

The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, invt-advisors are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded nearly 300%, summing up to 7-figure as of this month. I am going to sit back and observe how this all plays out because i have my advisor who chooses entry and exit orders.

[@JaneBlac-]

This is precisely how I want to arrange my finances before I retire. Is it possible for you to suggest the financial advisor you used to succeed?

[@ClemenceRoskelley]

There are a lot of independent advisors you might look into. But i work with Stacie Lynn Winson and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I support her.

[@jimmydan12]

I located her, sent her an email, and scheduled a call; hopefully, she will reply because I want to start the new year off financially strong.

[@DanielPanuzi]

If I were to endure this economic downturn, I require immediate support. The ETF and stock markets, like the real estate market, remain extremely volatile. I'm currently debating whether to liquidate my $300,000 stock holdings.

[@AddilynTuffin]

Many people are still getting fantastic returns on their investments during this time. Simply maintain a strong sense of reality or ask for professional assistance.

[@NormanGhali]

I've been working with an advisor for a while now, and I've made almost $320K since the second quarter. Having a financial consultant is currently the ideal course of action, particularly for those who are nearing retirement and are unsure how to approach the financial market.

[@sting_grayl]

That does make a lot of sense, good for you though, unlike us, you seem to have the Market figured out. Who is this consultant?

[@NormanGhali]

I started out with an FA named *Sharon Louise Count* Her honest approach gives me complete ownership and control over my position, and her rates are incredibly affordable given my ROI.

[@Ogden1]

Found her webpage by looking up her name online. She seems very proficient, scheduled a call.

[@Rochelletrem]

You cannot cut your way out of recession you've got to invest your way out of recession, the Conservative party are in the dark ages on policy they've got to think again. My primary concern is how to maximize my savings/retirement fund of about £170k which has been sitting duck since forever with zero to no gains.

[@berkrix4312]

A strategy to protect against inflation is through the U.S stock market, especially the S&P500 & various ETFs. Investors must know where to put their money and how to distribute it in order to protect it against inflation while still making a profit, especially during a recession.

[@jeffery_Automotive]

The truth is that people are finally waking up to the fact that our systems are breaking down in thousands of different ways all around us. Personally, the financial market seems like the only way to go with my long-term horizon (accumulated about £557,000 in earnings since May 2021), but if you don't have that time luck, it's a tough market out there down almost nowhere feels safe!

[@HarrietBemish]

@@jeffery_Automotive How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?

[@jeffery_Automotive]

@@HarrietBemish Yes, a Fidelity financial advisor named "Julie Anne Hoover" put an end to my fears about investing, and after making more investments, I was able to reach the high six-figure mark in less than 3 years. A licensing advisor satisfies the necessary security criteria; hence, reimbursement is guaranteed if I'm dissatisfied with the service, so I'm much better off hiring one.

[@HarrietBemish]

@@jeffery_Automotive I just copied and pasted her full name on my browser, super impressed with what I've seen so far. thanks for sharing!

[@GillerHeston]

We are already in the big crash, Inflation is a catastrophe. This CPI report is a colossal failure. To bring the housing market to a halt, the FED will have to pull all the stops. The unfortunate issue is that other markets are being decimated. If you want to stay green, you have to rely on a lot of diversification. Currently up 14% and being careful. Still a better deal than leaving it in a savings or checking account yielding 0-1 percent interest.

[@eloign7147]

People believe their currency has the worth it does because they have no other option. Even in a hyper-inflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.

[@michealliam8189]

Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.

[@rogerwheelers4322]

You have to get a financial-advisor/broker to aid you diversify your portfolios to include commodities, inflation-indexed bonds and stocks of companies with solid cash flows, as opposed to growth stocks where valuations were based on future potential earnings.

[@joshbarney114]

I agree, my profit has been consistent no matter the market situation, I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2021 this time with guidance from an investment adviser that was recommended by a popular economist on a subreddit, long story short, its been 2years now and I’ve gained over a million dollars following guidance from my investment adviser.

[@FabioOdelega876]

I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.

[@YFolermira]

It's hard to predict the future until we see this month’s inflation results. However, historical data consistently show that stocks tend to outperform bonds in the long term. Therefore, I'm staying in the market and focusing on selecting high-quality stocks. The challenge lies in identifying these stocks.

[@Jason9o669]

I wholeheartedly agree, which is why I choose to delegate my daily investment decisions to a coach. Their specialised knowledge, research, and risk management skills make it challenging for them to underperform. They focus on utilising risk for its asymmetrical potential while mitigating downsides. I've been with my investment coach for over two years and have earned over a quarter-million dollars.

[@AlexanderDanielley]

My portfolio has been underperforming recently, and I'm considering a strategy change with the help of a coach. Is it possible to get in touch with your coach?

[@Jason9o669]

My CFA, Stacey Lee Decker, is highly esteemed for her proficiency and deep expertise in the financial market. She possesses an in-depth knowledge of portfolio diversification and is considered an authority in this field.

[@Rodxmirixm]

Fascinating. I'm currently on her webpage, conducting my research. She appears to be quite skilled. I've sent her an email and scheduled a phone call.

[@nicolasadrien5100]

If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.

[@adrienjulien5573]

The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.

[@pierrelouis6841]

The stock market rally run is gone, but I'm not sure if equities will swiftly recover, keep falling, or fluctuate in a narrow range for a few weeks, or if things will quickly get worse. I'm under pressure to increase my $300k reserve.

[@ralhpculman]

the market is profiting if you are using a good broker or account manager to help out with trades or provide signals

[@guillaumeclement2363]

Making touch with financial advisors like Kimberly Kent who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times.

[@stephenieGibbins]

Her strategy trade EUR/USD is quite impressive and her currency pairs are 100% beneficial. With her help I've been able to leave my 9-5

[@RichardBayer]

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!

[@williamsbrown4026]

Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life beaus I invested early ahead this time .

[@adakkristinn]

Exactly ! That's my major concern and what kind of profitable business or investment can someone do with the current rise in economic downturn

[@LionTowercoporation]

have been investing in stocks and real estate for over 10 years now and I have made good amount of money. My portfolio has grown exponentially with the help of an advisor and I can say its going well . what an amazing way to make money!

[@adakkristinn]

@@LionTowercoporation Would you kindly suggest a professional with a range of investing options? This is quite unusual, and I look forward to hearing from you.

[@LionTowercoporation]

I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance wealth managers you could check out. I have been working with Colleen Janie Towe” for about four years now, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her

[@Natalieneptune469]

The average person has never been so poor. Millions of families are struggling financially as living expenses hit the highest levels in more than four decades. Over 60% of our country lives paycheck to paycheck and about 40% earns poverty wages. Even after working all their lives, more than a quarter of older people have no savings and many believe they will never be able to retire in dignity, while around 55% of elderly people try to survive on an income of less than €25,000 a year.

[@Robertgriffinne]

This global collapse might end up being a part of us for a very long time. With inflation currently at about 9%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.

[@PhilipMurray251]

Given the prevailing market conditions and the potential risks associated with the current economy, I would recommend refraining from investing in stocks for now. Instead, it would be prudent to consider retaining a portion of your assets in gold. Alternatively, seeking advice from a financial advisor could provide valuable guidance in this matter.

[@tradekings5433]

true, A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.

[@Natalieneptune469]

The parliament is full of noise makers...

[@Robertgriffinne]

Bro i think we need solutions instead of criticism meanwhile Hi Mate, please how can i reach this CFA of yours?

[@christianaemilio1]

Some economists have projected that both the U.S and parts of Europe could slip into a recession for a portion of 2023. A global recession, define as a contraction in annual global per capita income, is more rare because china and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.

[@Layanalisa]

My main concern now is how can we generate more revenue during quantitative times? I can’t afford to see my savings crumble to dust.

[@luis-gabriel1]

It’s a delicate season now, so you can do nothing or little on your own. Hence, I will suggest you get yourself an investment manager that can provide you with valuable financial information and assistance.

[@Gabrielle..]

Very true! I’ve been able to scale from $250k to $1.5million in this red season because my financial advisor John Desmond Heppolette, figure out defensive strategies which help portfolios be less vulnerable to market downturns.

[@Harvey879]

Your fin advisor really seem to know this stuff. I found his online-page when made a google search of his full names, read through his resume, educational background, qualifications and it was really impressive. I left him a note and booked a call session with him..

[@angelicstennett]

Working with a financial advisor who has worked in a solid financial firm for a long time, such as John will actually set you up for success in life. I'm delighted I was able to reach out to "John Desmond Heppolette" earlier this year because while others were grumbling about the downturn in the markets due to the state of the economy, I was busy learning from him and eventually made over seven figures in the first quarter alone, which is why it's always good to join the correct community.

[@ElianaTaylor-wx9gk]

Recession fears mount on Wall Street and inflation remains well above the Fed's 2% target, some of the top commentators in markets, business, and economics have been sounding off on just how bad they think the next downturn might be - and how far stocks may have to fall. I need ideas and advice on what investments to make to set myself up for retirement, my goal is to have a portfolio of at least $850k at the age of 60.

[@ArthurWeghorst]

Find stocks with market-beating yields and shares that at least keep pace with the market for a long term. For a successful long-term strategy I recommend you seek the guidance a broker or financial advisor

[@ArthurBuchanon]

@@ArthurWeghorst I agree with you, I've been in constant touch with a Financial Analyst for approximately 8 months. You know, these days it's really easy to buy into trending stocks, but the task is determining when to sell or keep. That's where my manager comes in, to help me with entry and exit points in the industries I'm engaged in. Can’t say I regret it, I’m 40% up in profits just in 5months with my initial capital of $160k

[@EthanBombaj]

@@ArthurBuchanon Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I’m in dire need for one.

[@ArthurBuchanon]

@@EthanBombaj My advisor is "SOFIA ERAILDA SEMA". She’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market

[@EthanBombaj]

@@ArthurBuchanon I just looked up the broker you suggested on Google and I'm incredibly impressed with her credentials,so thank you for sharing. I scheduled a phone call with her.

[@judynewsom1902]

I want to diversify my portfolio across different stocks and sectors to minimize risk. I’ve heard of people accruing over $550k during recessions, how do I achieve this?

[@AddilynTuffin]

Remember that investing in the stock market carries risks, and it’s important to do your own research and consult with a financial advisor before making any investment decisions.

[@PotBellyPete69]

Please can you leave the info of your investment advisor here? I’m in dire need for one.

[@PotBellyPete69]

Thanks, I just googled her full name and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.

[@DanielPanuzi]

Thanks for the lead.

[@williamyejun8508]

Inflation depreciates idle money. I'm in a privileged position to be able to save almost 65% of our net household income, as I placed it on safer investments. The key for us was not spending beyond our means. If you invest and have other sources of income outside of dividends then you will be able to live off dividends. Got north of $200K in my portfolio as I bought a lot of dividend stocks before, I'm buying more now, and I will buy more when it drops further

[@jamescomb1170]

The main problem is that most folks don’t care about anything other than football, Basketball and Music etc. They find it normal to take credit card debt which will cost them 20percent per year but considers it risky to invest their money and make 10percent or more per month. Learning to avoid high interest debt while also learning how to put your money to work for you by investing is a very powerful combo

[@jameswood9772]

Trying times are ahead, and good personal financial management will be very important to weather the storm. It would be very a innovative suggestion to look out for Financial Advisors who can help shape up your portfolio.

[@jessicamoore3093]

Please i want to learn how to manage and invest my resources, can you leave behind the name of the F/A guiding you

[@jameswood9772]

Having an advisor is essential for portfolio diversification. My advisor is Lisa Angelique Abel who is easily searchable and has extensive knowledge of the financial markets...

[@jessicamoore3093]

Thank you for this amazing tip. I just looked the name up, wrote her and scheduled a call.

[@user-wt6zf4ek9k]

A number of the most eminent market experts have been expressing their views on the severity of the impending economic downturn and the extent to which equities might plummet. This is because the economy is heading towards a recession and inflation is persistently above the govt target. As I'm aiming to create a portfolio worth no less than $850,000 before I turn 65, I would appreciate any advice on potential investments.

[@romiverajr]

There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.

[@laszlolee]

true, A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.

[@krisgrigo]

@@laszlolee How can I contact your Asset-coach as my portfolio is dwindling?

[@laszlolee]

@@krisgrigo ​It's best you do your due diligence, I have my portfolio overseen by “Susan Bauer Normansell” and her qualifications speak for itself. Most likely, the internet is where to find basic info, she has a noticeable page for consulting.

[@krisgrigo]

@@laszlolee I just looked her up on the internet and looked into her credentials. I wrote her a letter outlining my financial objectives and planned a call with her.

[@lindholmlille]

Certainly! I understand that living expenses and taxes can take up a significant portion of one's income in the UK, which can limit how far that income can go. Even 100k doesn't get you very far and the dream of retiring early is starting to seem like a fairy tale. I have roughly $200,000 in 401(k) that I need to grow quickly. Please leave a comment if you can help.

[@micheallancelot]

Invest in the financial market. I heard that people make millions if you know the tricks of the trade. Bloomberg and other finance media have been recording cases

[@leonarodwell]

@@micheallancelot It depends on your personal preferences and comfort level. However, one option is to keep things simple and consult an investment-advisor. They can help you determine your risk appetite, avoid common mistakes, and provide a broader perspective on your investment landscape.

[@margaritasbunny]

@@leonarodwell You are right! I diversified my $500K portfolio across various market with the guidance of an investment coach, I have been able to generate a little bit above $1m in net profit across high dividend yield stocks, ETF and equity during this red season in the market But the truth is that you cannot do that without a tested trading strategy

[@jetkastrokdova]

@@margaritasbunny I'm looking for recommendations for a reliable investment advisor who can help me develop a long-term strategy for investing approximately £5 million. Ideally, I'm hoping to achieve a 5% dividend with compounding, which would be around £250k per year.

[@margaritasbunny]

@@jetkastrokdova My personal advisor is "CHARLOTTE ANNE MCCONELL" . In terms of portfolio diversity, she's a genius. You can look her name up on the internet and verify her yourself. she has years of financial market experience.

[@Marynando]

The media is currently barraged with a lot of economic data right now. It takes a lot to see beyond the whole ocean of news on focus on what is important, which is that no matter how low stocks go, they always bounce back. I really ignore all the news and keep investing. I recently allocated about $121k to put in the market as we anticipate a crash. Any recommendations?

[@charliehunnam5187]

We underestimate the fact that banks are corporate entities also governed by greed. Since 2020, the banks have been over-leveraging their assets, which was one of the reasons for SVB's implosion. I have never been okay with keeping much money in the bank. I simply invest through my financial advisor, collect my profits, which I then spend.

[@janellejacob3799]

There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.

[@allenwilliams5010]

I've been in touch with a financial analyst ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders

[@cooperhayes7055]

We’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?

[@allenwilliams5010]

My Financial adviser is Olivia Maria Lucas she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market

[@Jack-tk3ub]

There is no wage-price spiral, only a profiteering-price spiral.

[@Alex-jc7eo]

Borough Market is so representative of the UK Everyman though 😂 😉

[@Google_Does_Evil_Now]

FTSE 100 making biggest profits, it's price gouging. Channel 4, want agent you honest? This is rich people buying more assets and exploiting the people, that's the asset inflation bubble. Tories refuse to tax the rich equally - that's the issue. We need to get our country back. We need to get these scumbags thieves out permanently like they did in France, Ireland etc.

[@allykhan8594]

Dream on harvey moon.😊

[@lesmarsden2058]

Correct. Virtually all inflation is cost-push, not demand-pull. So how does raising interest rates to reduce demand achieve anything, apart from making us all poorer?

[@allykhan8594]

@@lesmarsden2058 i must agree on that. High interest won't work if international suppliers are increasing prices and still have constant demand.

[@GeorgiaMoore.]

At the very least, I now grasp the concept of leverage. Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely.

[@Hermanjackson89]

Most people simply enter the foreign exchange market without comprehending matters like this. The first stage in building money is determining your goals and risk tolerance, which you may do on your own or with the assistance of a financial counselor who works with a verified Finance agency. And also you can learn the facts about saving and investing and create a clear plan, you should be able to acquire financial security over time and enjov the benefits of income management.

[@GeorgiaMoore.]

That is why I work with John Desmond Heppolette, who introduced me to a better Financial community, a verified agency where I learned how money works and how to create it, as well as free books, courses, and daily lectures. You also get to meet new people, which was the best decision I ever made.

[@Fiammanapolitani]

You are correct! Working with a financial advisor who has worked in a solid financial firm for a long time, such as John will actually set you up for success in life. I'm delighted I was able to reach out to "John Desmond Heppolette" earlier this year because while others were grumbling about the downturn in the markets due to the state of the economy, I was busy learning from him and eventually made over seven figures in the first quarter alone, which is why it's always good to join the correct community.

[@raymanmorrison3994]

Yeah real, that guy is one asset manager that gives the breakdown of everything on how things are done, joining an effective financial community can be 100% beneficial when joined properly that's all I can say out of experience

[@SofiaAnsari-wb7gn]

Please who is John Desmond Heppolette..?

[@KiyosakiSays]

“Some people worry. Others prepare.” - Robert Kiyosaki

[@instinctively_awesome8283]

The financial system has been artificially pumped for over a decade to ensure big pockets were lined; and now those same hands will make a fortune in the largest transfer of wealth in human history by shorting it on the way down. Inflation does have a roll, but that's to keep everyone panicked, and focused on their bills and expenses, rather than focus on the capital crimes of politicians and corporations,I'm still at a crossroads deciding if to liquidate my $338k stock portfolio, what’s the best way to take advantage of this bear market??

[@Robertgriffinne]

Find stocks with yields that exceed the market and stocks that, at the very least, follow the long-term market trend. However, you should get guidance from a financial advisor if you want to create a successful long-term plan..

[@Alejandracamacho357]

I agree, I've been in constant touch with an Investment advisor for approximately 17 months. These days, it's really easy to buy into trending stocks, but the task is determining when to sell or hold. That's where my advisor comes in, to help me with entry and exit points , I've accrued over $337k from an initially stagnant reserve of $148K all within 18 months.

[@Natalieneptune469]

@@Alejandracamacho357 I need a guide so i can salvage my port-folio due to the massive dips and come up with better strategies. How can one reach this advisor??

[@Alejandracamacho357]

I personally work with "Janette Alexandrea Alimi'' she covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.

[@PhilipMurray251]

Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

[@shoelessjoe428]

Well done Farage and Boris. Slow clap for you both.

[@Goady1000]

Yh because no one else has high inflation or high interest rates. Bank of England caused this by allowing Gordon brown to sell our gold and but printing 500 billion money

[@emm_arr]

@@Goady1000 Your comment is stupid!

[@TheBlackManMythLegend]

it's just the beginning. Thank God I left. Good luck with that.

[@Goady1000]

@@TheBlackManMythLegend thank god you've left

[@Goady1000]

@@zacksohaib3417 do you mean put in jail or prison?

[@gogosegaga]

Raising interest rates to people who don't own homes which are most average consumers in the UK won't reduce consumption. The Bank of england and the government are taking money from the most in need at this time instead of tackling the record profits of companies profiting from inflation and raising prices.

[@lesmarsden2058]

Indirectly it probably will because buy-to-let landlords will raise rents. However, since the current inflation is largely cost-push and not driven by excess demand, how will raising interest rates help?

[@eastexotic]

We have the same issues here in Canada but to a lesser degree. People have been living on record low credit. My parents have been warning about rising interest rates, and so have many economists for the last decade. My parents generation remember high credit rates and high mortgage rates. This has been a hard pill to swallow, admittedly.

[@Estian007]

This is an old economic theory. I am probably going to do my thesis on this phenomenon

[@AH-fm7rj]

If an economy cannot withstand a 4% interest rate then it is almost dead anyway

[@andrewlee6576]

You can't profiteer if people can't afford your prices 😉

[@donaldduck5731]

It’s too late, UK economists just can’t see what’s coming, in the UK we don’t value scientists, engineers or STEM. We’ve become a country of credit, shopping, eating out and services whilst our exports and high tech. sectors have been in decline and the cost of imported goods is on the rise. This problem arose is 2008, but with £870 billion of QE the government has managed to prop up our unsustainable economy for a decade or so. Now they’ve nowhere to turn, and the country has de-skilled itself in STEM high skill professionals. This will only end badly, mass unemployment, poverty , emigration of high skill workers to the US and EU, will take several generations, political reform and re-joining the EU to put right, for now the UK is fast becoming a poor counrty.

[@JackKing12.]

The UK don't manufacture. They only spend, spend, spend...

[@lesmarsden2058]

You are absolutely right

[@hobbabobba7912]

Perhaps you could calm down a little.

[@w.m9494]

Spot on

[@gamingtonight1526]

@@hobbabobba7912 He's right, and, if anything, too positive!

[@JamesScholes]

Inflation is not because of the Ukraine war like it says in this video, it's because of the £900,000,000,000 billion the BoE printed back in 2020. The government and BoE won't tell you that though because they don't want you to blame them for the mess we're in now.

[@RazorMouth]

Central banks across Europe and the US printed money too. How come it's not as bad in the EU and US?

[@JamesScholes]

@@RazorMouth First up, it's still bad in the US and EU. Secondly, the US updated how they calculate their CPI January this year. The reason why they did this is because it makes the inflation appear lower than it actually is. So the US still has high inflation despite what their reports/CPI say.

[@RazorMouth]

@@JamesScholes mortgages interest rates in the EU are nearly 50% lower than the UK on average. Inflation is lower and the baseline ECB interest rate is lower. So no you're not quite right, I don't know much about the US system so I won't comment further on that.

[@FixUp.LookSharp]

Is spot on with his info. I know this in detail too

[@trewjohn2001]

A mix of factors, too much printed money, higher import and energy costs, lack of cheaper labour. It’s just annoying that they won’t take any responsibility for their own actions and constantly blame external forces.

[@anyanwuChinaecherem]

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[@MichaelJavier-xd9dm]

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[@NgoloKante-jq2we]

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[@SinghZahid]

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[@ASHLEYAna-zc3dx]

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[@AnarIchard-co5yz]

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[@connorlomax1269]

I used to be proud to be British. These days I seem to spend my every moment embarrassed of it and planning how I can leave.

[@larslarsen5414]

Crazy... someone actually admits that Brexit is to blame here...

[@johnbrereton5229]

He didnt say Brexit was to blame, he said that Brexit changed our supply chains and that has added to the problem. This also happened when we were taken into the EEC/EU ilegally in 1972 and our previously thriving economy went into decline. However, they all agreed that it's more the way our economy is being handled in a time of global financial problems.

[@belkentens]

Yep! Even affecting America

[@jasondevon481]

Anyone blaming Brexit in the year 2023 needs their head examined.

[@noodleppoodle]

@@johnbrereton5229ahahahahahahhahaha hahahaha hahahah hahahah hahahaha ahahaha hahahaha ahahahahahahahah Previously thriving economy? You went into the EEC / EU precisely because you were the sick man of Europe and your economy was much less thriving than the continent’s

[@ptrappe]

It's very obviously largely to do with Brexit. Disrupting supply chains and labor markets has a weird way of adversely affecting prices for goods and services.

[@erdevon3257]

People still eating out, getting takeaway delivered, having nails done etc, going on foreign holidays. Truth is that majority of people cant budget and have little financial control

[@riyadougla539]

Absolutely true.

[@eastexotic]

Travelling in London was amazing. An incredible city, but also incredibly expensive. The same products in the UK were almost 30-40% more cost than Canada plus the exchange in currency. Paris, ironically, seemed like bargain, especially when it came to food and hotel.

[@andrewf7754]

It is part of the rampant inequality that is Thatcher's legacy - fuelled by her deregulation of financial services and the loss of manufacturing. Only the US has worst inequality amongst the developed countries - and that can be traced back to Thatcher's boy friend Ronald Regan. Both of them heralded in an era of self-interest and greed - which is now seen in the rise of extreme right politics and the horrendous social consequences of the inequality they have created. I guess you didn't get to see any of the run down areas of Britain, like Castleford or Pontefract with crime rates running at over 140 incidents per 1000 population.

[@KiwiGraggle]

Are you Canadian or are you a Pom?. Now I have no time for the UK or British people, I think they are parasites of this World, alongside their comrades. I have a lot of time for Canada though, but I think you will find Canada, certainly in Alberta is considerably more expensive than in the UK, astonishing enough. A litre of petrol as an example if £1.20 more a litre in Calgary, than in the UK. This is an oil producing country Canada is yet, it is considerably more expensive than tiny little and insignificant UK for petrol. Staple diet stuff, like bread and milk, 4 litres of milk in Canada £5.18, lol. No, it makes no sense, I can see the entire rigging going on and in the cattle and oil region of Canada to be paying prices like that in Switzerland is totally and utterly bananas. It still has not stopped me from moving my Tech company to Calgary, I have no interest in staying in the UK, the place, so the people do my head in. They are the most petulent, ignorant and arrogant people on this planet as far as I am concerned, total parasites who have it coming to them.

[@sharlwoo]

I beg to differ. It depends on which part of Canada you are from. I found Toronto more expensive than London.

[@eastexotic]

@@sharlwoo In which way? I've never to Toronto. I'm curious.

[@mrstephenpariah]

@@andrewf7754 Osborne & Cameron made it a thousand times worse, made us all into disposable liabilities. The offshore economy is so massive now and has dominance, the incentives are completely inverted. Overall wealth actually increases when small business fails, people die, etc.. So 'growth' actually means making everything worse.

[@marvintpandroid2213]

Recession is part of the plan.

[@craigsmith6512]

What plan? Genuine question. Can you elaborate?

[@marvintpandroid2213]

@@craigsmith6512 to reduce inflation.

[@bigboyshit1]

@@craigsmith6512- plan to crash the housing market

[@mrstephenpariah]

​@@craigsmith6512Wreck the economy, load the UK up with debt, sell everything to the Americans.

[@Relugus]

It's to crush the poor and working classes so the rich have more power.

[@samgrainger1554]

How can I accept being poorer 😂 i dont have any money

[@arandmorgan]

Right. If you take money away from poor people who spend money in the economy, creating jobs and tax funds to build infrastructure and give this money to wealthy people who store it in investment schemes, assets and offshore in untaxable locations, it wont be put back into the economy and business will fail, jobs will be lost, houses will be repossessed, lives will be lost in painful undignified poverty. Tax the rich, its us or them.

[@andrewlee6576]

But inflation will come down

[@bethburn3237]

The UK compares its issues on a one-off basis to others: oil prices in Germany is high, interest rates in Canada, GDP growth Europe. It misses the forest for the trees. Each country is having one off issues, the UK is experiencing all those countries one off issues at the same time. The agressive monetary policy is the only option because the fiscal policy is so messed up

[@hoewaxcandles]

You’re misinformed hunny x

[@MrMarinus18]

No, there is a very easy solution: Raise wages and increase corporate taxes.

[@angelachanelhuang1651]

I love germany

[@Gibbo1]

Strange how no one moaned when they were getting their furlough monies

[@derf9465]

😅😅😅 Money isnt free.

[@outcastp23]

Are these the Brexit benifits we were all promised?

[@healthiswealth6797]

Can't get benifits when our MPs sabotaged brexit from day 1 . It never had a chance

[@andrewlee6576]

​@@healthiswealth6797It's never the real brexit is it lol the right brexit, the proper brexit. Until produces results, but it never will

[@seamuspadraigsanders431]

Blame everything on brexit, that will fix it 😅😅😅

[@AUstinnesc]

A perfect storm is brewing in the United States. Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place. It's all coming together and it could lead to a real disaster towards the end of this year (or sooner). With inflation currently at about 6%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.

[@corrySledd]

@@terrygeorge3545 I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same. Is there any chance you could recommend who you work with?

[@corrySledd]

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[@samgrainger1554]

Imagine removing all our gass storage facilitues and failing to buy revewable power sources. "The poor are buying food!!!!???"

[@KSweeney36]

Raise interest rates to encourage people to save rather than spend, but who can afford to save!!

[@JackKing12.]

CEO: Right boys n girls...let's take monies off these hobos 😂

[@andrewhutchinson36]

Back in the day, as a young economics undergraduate, I vividly recall a series of lectures on Regional. Economics. The key message of these was that peripheral regions were always at a huge disadvantage. Look at a map of Europe. Nowhere is more peripheral than the UK. The Uk's 45 year involvement with the EU was absurd and hugely damaging. Lets get our supply chains back to the pre 1973 norm ASAP. The cause of inflation? Simple. The massively excessive BofQ Quantitative Easing program over more than a decade.

[@_____alyptic]

Raising interest rates won't fix supply and trade issues, it certainly hasn't prevented sellers raising their prices.

[@leroyboothferry]

Some guy on the news said he would have to cut back on his take aways and shop around for his tv subscriptions,sugest cook and freeview.

[@edcoad4930]

This is the concern: there is a tone that prices will be falling soon but that's wrong...and journalists, in my view, haven't emphasised this enough. 6% inflation means prices are rising fast but not as fast.

[@susany1590]

Question: why is it that everyone thinks a recession automatically guarantee a drop of inflation?

[@jetfu400]

Same question

[@DeusShaggy]

Down with the Tories! 🇬🇧

[@bewellchannel9683]

I gotta tell ya, I've been looking at this whole inflation situation, and it's got me scratching my head. I mean, I heard a stat that the UK has more inflation than 24 African countries?

[@ecknareal]

If there was some kind of rent control in pace and it didn't cost 200% more just to have a roof, you'd not need to be asking for more money.

[@ZipClipChannel]

just get rid of leasehold.

[@andrewlee6576]

Why not control the price everything. Job done 😂

[@DeusShaggy]

If the ultrawealthy could only take in a little less profit... Yeah, don't hold your breath.

[@noeyes6151]

Few in that sub😂

[@Oxol33]

Wages haven't gone up. Not here or abroad. Profits are at record highs. Is this really inflation?

[@nigelmartin3339]

Make every brexit voter pay remainer mortgage difference

[@Yelluz]

May every whinging mortgage holder live within their means, and if they can't afford the repayments, sell up and take responsibility for their decisions.

[@joseluis8291]

When are you going to interview Prof. Richard Werner? He will tell you the truth about UK's inflation

[@nicholaspostlethwaite9554]

The problem with the bank of England and the political class is their trying to avoid a recession! We need one badly and a hard one. More we need a few decades of deflation. Recession is not a bad thing, most barely notice it, any more than they notice growth. Rates have cheated decent solvent poorer people for 2 decades and they did it deliberately. Continually trying not to raise them back where they belong. We must stop intending to run the economy by those needed debt to do it. Rates must double at least and banks be compulsorily made to pay it to savers too. A good long hard resection, shaking out the junk companies and activities releasing workers to end the shortage and excessive wages we now pay. Anyone paying to go on any holiday or ever eating out for example have too much money and no problems.

[@seamuspadraigsanders431]

That's not true, during a cost of living and energy crisis a recession will be an absolute disaster, only elite remainers support an induced recession, and they're trying their utmost hardest to make it happen.

[@johnwood-stoddard4600]

Im sure im just an ignorant peasent, but my understanding was that is consumer demand went up the economy grew. Im a little confused as to how it would cause a recession. Can anyone help me out to understand this please?

[@Yelluz]

It's great to see that the base rate is rising again. Hopefully this will continue for the rest of 2023 and into 2024. No sympathy whatsoever for whinging mortgage borrowers. If you can't afford the repayments, sell up. You had it good for far too long.

[@francisravenscroft-dw6gi]

Brexit for the UK is not a difficult problem at all , the Brits voted out of the 3rd largest trading block on the planet, and now are having to pay more for all EU imports, thus inflation......

[@TheBlackManMythLegend]

you know have to pay more for - everything actually.

[@alice1374]

@@TheBlackManMythLegend Yep, and there's a shocking 43% price rise upcoming as more brexit food premiums hit us. Recession is going to hit any time soon. 2008/09 all over again

[@DJB01]

@@alice1374I hope I’m wrong, but I think comparing the disaster to come to the 2009 recession is a bit optimistic.

[@alice1374]

@@DJB01 It doesn't seem too optimistic to me. what happened back then seems to be a very similar case as to how this is unfolding as well

[@DJB01]

@@alice1374 true, but back then we were part of a bigger trading bloc, and were consequently more resilient to the bad decisions made by the bankers. Ordinary folk are already suffering more than we did 14 years ago, and things are only going to get worse as long as we have wealthy muppets in government. (To be clear, I also consider Starmer to be a wealthy muppet.) Edit: correcting autocorrect.

[@marcocarlson1693]

See where PM Sunak mentions interest rates comparing the U.K., to the U.S., Canada, Australia, and New Zealand. That is because these exact countries are all tied at the hip together, same economic structures, same countries living off credit for decades, and with gigantic total Debt now. Huge problems ahead for all, and not a positive ending. All end up poorer after the shakeout. Sorry to see this, like these countries, but it is justified based on bad actions. You can't live off credit and print money to 'pretend' actual economic growth.

[@lesmarsden2058]

But people simply aren’t getting high wage rises! According to the ONS wage inflation is running at around 6%, considerably less than food inflation at 18%. Increasing interest rates will put more pressure on wage inflation as people become desperate for more income and demand higher wages to pay higher mortgages and rents.

[@nicholaspostlethwaite9554]

Yes they are! Wages above productivity rises are inflationary. There is NO reason or excuse to have more pay merely for maintaining the rich lifestyle of workers or anyone as they/we fancy it. We all get better of only when productivity rises, goods get cheaper. Rates must double and more yet.

[@andrewlee6576]

If unemployment starts to rise, that will curb inflation.

[@nicholaspostlethwaite9554]

@@andrewlee6576 Yes that is badly needed, in fact it is proof rates are nowhere near high enough yet. The lack of job losses and the problem is still labour shortages.

[@nilscoe3019]

Truly disgusting coverage. In the same video that fails to consider seller’s inflation and profiteering as an explanation of inflation they also suggest the public must endure a recession to put things right.

[@mauricerose3082]

"Bank of England Promoting the good of the people of the United Kingdom by maintaining Monetary, and Financial Stability."

[@GreenStreetPlayer1]

Rates are not just about inflation, without a cap in place they control house price growth as well. Keeping rates so low for so long failed to check any large increase in house prices which usually happened historically with the fairly frequent rise and fall in rates. We need a control on house price growth, say 2% max p.a.

[@franciscouderq1100]

If we don’t build new housing we won’t curb the housing price rise. Mostly simple supply and demand imbalance topped by negative Brexit consequences (btw, there are no positive one so far around but still searching, tho 🤣)

[@GreenStreetPlayer1]

@@franciscouderq1100 yes agree we are desperately short of housing, and have been for a long time.

[@andrewlee6576]

Interesting. Why don't we just cap everything at 2% inflation problem solved over night! 😂

[@r8chlletters]

I’m surprised to see people in the UK with adjustable interest mortgages-they are very dangerous!

[@ronniekhinda2470]

How the U.K. Became One of the Poorest Countries in Western Europe Britain chose finance over industry, austerity over investment, and a closed economy over openness to the world. U.K. is now an object lesson for other countries dealing with a dark triad of deindustrialization, degrowth, and denigration of foreigners. Having offshored industry in favor of finance, its economy wasn’t resilient

[@seamuspadraigsanders431]

Lol 😅😅😅

[@Jonpoo1]

It’s all “external factors” and “international inflation” until inflation hits that 5% target and it’ll become “Sunak delivering on the people’s priorities”.

[@Tason123]

Maybe the way to bring down inflation would be to tax the record corporate profits of the last few years???? Just putting it out there

[@jamienash5263]

Realistically inducing a recession and increasing interest rates will ultimately mean people's quality of life is reduced, but it won't actually solve the issues that caused the situation we're in. Surely increasing the access to energy i.e through the expansion of solar would reduce inflation or enhancing automation is certain sectors. I know these are maybe longer term goals but he govt doesn't seem to discuss them at the same tim

[@seamuspadraigsanders431]

Yes a remain recession in all but words.

[@andrewlee6576]

Consider also that businesses borrow money, to spend. If interest rates are higher, they won't be borrowing as much and therefore spending as much 🙂

[@1982PRA]

Recession is necessary at this stage to put a check to inflation

[@Relugus]

Yes, make the poorest suffer so the rich can be coddled and subsidised.

[@francisravenscroft-dw6gi]

Interest rates are the same in the US and the inflation rate is now 2.7% PA prime minister!

[@julesgiddings8747]

No they’re not the same.

[@RazorMouth]

​@@julesgiddings8747baseline interest rate are actually about the same in the US, EU and UK. But it looks like the US will be the first to lower theirs.

[@davidenglish790]

as soon as properties price lower slightly landlords buy them all up pushing the price back higher.

[@derf9465]

In the 80's when repossessions were massive because people borrowed too much. Houses went to auction cheap. That's where a lot of the landlords brought up housing.

[@detectiveofmoneypolitics]

Economic investigator Frank G Melbourne Australia is still watching this very informative content cheers Frank ❤

[@donna25871]

And I thought 6% inflation in Australia was bad.

[@elisha-ze6xe]

Good reporting from channel 4.

[@Cynical1234]

This is not a good time we're in. It's hard to understand, but not impossible.

[@ambient675]

Well said, Femi. It's all about viewing figures and never about the truth.

[@nickburton100]

People still have money for drink, scratchcards and getting nails done. Some people have never been good with money. Learn to make sacrifices.

[@connormcleod9595]

Rates need to be 10%+

[@quwipyui6519]

Scarry's me to staying on this country a longer I definitely leaving Germany inflation going down but in UK going up a very interesting this is like the monty python economy

[@asli668]

It's tough making money now and especially in stocks when institutional investors are the driving force behind the selling. I'm trying to avoid making any new buys at this point in order not to get sucked into a bear trap, tho I read an article of people that grossed profits over $150k this 2nd quarter, wondering what could be the best stocks to put on a watchlist for capital gains, both in a bull and bear market

[@general_zizi1156]

Yes, tech, transportation, e-commerce, among other sectors, are expected to experience growth. However, considering the recent surprises in the market, it's advisable to consult a financial advisor. Their expertise is invaluable in navigating this storm and ensuring you make informed investment decisions.

[@asli668]

@@general_zizi1156I've not really considered financial advisors/portfolio managers but who would you recommend?

[@general_zizi1156]

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[@general_zizi1156]

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[@asli668]

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[@advisorsandy2068]

Johnson has left us a jolly old mess to sort out.

[@Brellowcrop]

How about the introduction of rent control, ay? So people arent spending 80% of their pay on housing

[@user-th5nb3ox1w]

Isn't Germany already in recession????

[@billybobkingston5604]

Thought Rishi was going to half inflation and Mogg said prices go down straight away with Brexit, utter muppet show

[@thisisbob1001]

My car tax gone up 10% this year a lot more than my wage rise

[@healthiswealth6797]

Yet roads get more pothole . More you pay less you get

[@derf9465]

😅😅😅Road tax how old are you. Hasn't been road tax since 1948. Money just goes into a pot to waste and give away. Sell the car buy a Honda cub 100 mpg plus or a bicycle.

[@rogermeacock]

There is only one cause of inflation - the BoE printing money - "quantitative easing" if they do it = counterfeiting if people do it. Blaming inflation on anything else is pure ignorance and narcissism by blaming it on the people.

[@applepie8772]

Government doing little to tackle the actual drivers.

[@3d1e00]

At some point they will realise that they need to raise capital gains and top bracket income tax. That will drive down the actual issue which is stupidly high inequality causing diverging spending habits.

[@Relugus]

They will never realize this, in fact they already know, but think the little people should pay for everything.

[@byblispersephone2.094]

Why does it feel like the UK economy died in 2008

[@edgardebruin8398]

brexit!

[@linapesz313]

I thought we were already in recession

[@ghosthdel3098]

Do you know a British Billionaire is dying out there (sea gate Titanic) and we talk about food prices going up!? ... how can you!

[@MegaVuvu]

I'm happy about that

[@TheBlackManMythLegend]

How dare you?

[@leel9186]

Every other expert hesitates to either say 'Brexit'... this was so avoidable

[@seamuspadraigsanders431]

The reason they avoid saying brexit is every single economist in their right mind knows you cannot judge the repercussions of brexit during covid, energy crisis and inflation, the data is not stable enough to draw conclusions.

[@bmac3093]

Btw how ridiculous to cite People are still spending, not everyone has a mortgage or pays extortionate rents - yet

[@rafae5902]

They are increasing mortgage rates but I'm yet to see property prices to go down.

[@richardtuxford1812]

Property is still scarce due to a decade of no government led housebuilding

[@thelevelupcommunity]

Don’t worry, the time is coming.. 2024 a decline

[@secularreactions4692]

BREXIT is the main problem.

[@OptimisticHominid]

Brexit = Higher inflation = Higher interest rates = Poorer regular people = Richer rich people = Brexit Premiums!

[@secularreactions4692]

@@OptimisticHominid so how can you get rid of BREXIT???

[@OptimisticHominid]

@@secularreactions4692 Time, plus the politicians and media need to share the truth of the damage done. Also, ensure young adults know what has been taken from them

[@laika3916]

The increased cost of the process of importing goods from EU countries since Brexit is obviously an important inflationary factor. Not the only factor, just as obviously, but I agree that it explains the difference when compared to other large economies also experiencing inflation. How could it not have an effect?

[@GabrielFlies]

Nah I live in France and it’s just as expensive, petrol and food is more. Check your facts please.

[@fitzstv8506]

@@GabrielFlies I live in France too and I disagree, food prices are about the same but the quality is better and fuel especially electricity is much much cheaper. What part of France do you live in? I suspect you do not live in France at all.

[@seamuspadraigsanders431]

​@@fitzstv8506Everybody and there dog in Europe is experiencing issues, nothing to do with brexit.

[@fitzstv8506]

@@seamuspadraigsanders431 The Ukraine war has made a difference to the price of many things everywhere notably fuel and food and each country is experiencing these issue at different levels but the UK despite not being as acutely affected by the war as the EU nations is still suffering more this is because of brexit and it is only one factor of the many many other damaging consequences of brexit. Wise up!.

[@seamuspadraigsanders431]

@@fitzstv8506 Yes except every single expert worldwide admits repurcussions of brexit is impossible to calculate so you are lying yet again to suit your own agenda, if you would take 5 mins to do your own research you will realise remaining in Europe held no value to UK whatsoever.

[@kquat7899]

Price gouging.

[@CriticalTheoryIsNonsense]

We've been in a recession for some time now, like it's not obvious. The cost of lockdowns continues to inflict misery on most of our population.

[@edwardbernthal160]

lockdowns, you think lockdowns are responsible for the state of your nation, ridiculous.

[@RazorMouth]

All of Europe was locked down. Nice try. Mortgage rates across the EU are about 50% lower than the UK.

[@CriticalTheoryIsNonsense]

@@edwardbernthal160 Yes, the lockdowns are a major part of the issues with the economy. They would inevitably cause massive problems and they have done.

[@CriticalTheoryIsNonsense]

@@RazorMouth And everywhere that had lockdowns is suffering. Mortgage rate comparisons are relative to what they were before lockdowns, even if I were to take your claim seriously.

[@RazorMouth]

@@CriticalTheoryIsNonsense Yes but not suffering as much as the UK. I never said lockdowns had nothing to do with it. My point is the UK has Brexit damages to deal with too.

[@MartinJG100]

Hoping? It's the only hope. This country is a mess.

[@lv3609]

Fret not, those with right degrees or skills can still scape to Australia, New Zealand or Canada. USA is also a very good option.

[@seamuspadraigsanders431]

Yeah same problems, N Zealand wouldn't let you within 5,000 ft.

[@jackryan3487]

How long can it continue doing that Raising rates that is.

[@OptimisticHominid]

My mortgage reached 17% in the 1980's - that's how high!