Personal Finance - UK

3 readers

1 users here now

A personal finance community for feddit.uk

founded 1 year ago

MODERATORS

echo@feddit.uk

Halifax joins rivals in cutting mortgage rates (www.bbc.co.uk)

submitted 1 year ago by echo@feddit.uk to c/personalfinanceuk@feddit.uk

2 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] wewbull@feddit.uk 1 points 1 year ago

We will live in a mad world that companies would up their prices and the government responds by increasing mortgage rates to push people into poverty so they can’t buy those companies things and is willing to cause a recession

You're right, but that's the accepted economic policy in the situation. Increase interest rates to make debt more expensive and remove buying power from the population because too much demand drives prices up.

It's GCSE level economics, but seems to be the only thing those in power know how to do. It's quite shameful really.