Investment platform. Thanks bro. Thanks for joining Thanks Forjoining us. Mortgages cost more so it is a bit of a Vicious Cycle for First Time Buyers . It is, yes, and there is a bit of respite for people looking to get onto the Property Ladder but they have still got very high costs of borrowing and it will still cost a lot to afford the mortgages once you have got on the ladder and it still costs a lot of money for renting whilst you are trying to get on the ladder. But it is good news for people who are looking to get off the ladder and looking to use their housing as part of that so there is a bit of balance but i suppose house prices matter most when you are trying to change your position. For the vast majority it is a number that changes without us actually trying to change our Housing Position but i think the people trying to get on the Housing Ladder to make the first step are really feeling the squeeze right now. The numbers tell the story. 3. 8 fall in july alone, the fastest
Speaking before squeezed by massive bills, there is still Spending Power out there. A lot of our customers are probably a bit older, so we dont feel the mortgage rate, although it creates uncertainty for them and that does and we do notice when there is a rate rise, everyone gets a bitjittery. Does it feel like we are getting green shoots . I dont feel that there is green shoots, no, no. I dont feel that there is green shoots, no, no. I feel we are in a holding pattern. It could go either way. Today, the Bank Of England said the tough medicine was beginning to work. Less tha n less than two years they have over 14 steps raised Interest Rates to the highest level in 15 years in an attempt to drain Spending Powerfrom the Spending Power from the economy. The period of near zero Interest Rates now consigned to history with the bank warning that rates could remain at this level for some time. If you asked the question, yes, and when are rates going to come down . My answer is we are going t
Of qontigo who gave us his expectations for chinas latest factory activity. Its likely to continue for a wild because it is still driven by manufacturing and dependent on global trade and, you know, geopolitical environment, and we are not having any of these right now. Even germanys Industrial Complex is sluggish a bit so its notjust china but everywhere. Global demand in mostly services is given by technical Communication Services and big tech so shows and manufacturing are a bit sluggish, yes. I shows and manufacturing are a bit sluggish, yes. Bit sluggish, yes. I want to talk about bit sluggish, yes. I want to talk about japan bit sluggish, yes. I want to talk about japan because l bit sluggish, yes. I want to talk about japan because it talk aboutjapan because it took markets by surprise in terms of what its central bank has done which makes its Bond Yield Control policy more flexible. What are your expectations about that . Inflation has been above the target for a few months so
is on the glide path to get done, probably a carveout for the uk and ultimately i think they pop the champagne after this battle that this deal gets done. what is going to happen in the uk? are they going to come up are they going to come up with some kind of compromise to meet the regulator s demand? yeah, we think they carveout, there is a piece on the subscription side they carveout, to ultimately give the uk regulators what they want and i think this is all a game of poker and i think microsoft recognises if they beat ftc and they thought they had a strong case, i think ultimately it is a black eye for lina khan. and it is now on a glide path to finally get done. a significant deal for microsoft. a significant deal to take, especially with the ftc, a significant loss right there. you do not think the ftc will appeal? they can appeal but ultimately i think there is a better chance of me playing the premier league than them winning. i think this isjust a huge win for micros
done, probably a carveout for the uk and ultimately i think they pop the champagne after this battle that this deal gets done. what is going to happen in the uk? are they going to come up with some kind of a compromise to meet the regulator s demand? yeah, we think they carveout, there is a piece on the subscription side they carveout, to ultimately give the uk regulators what they want and i think this is all a game of poker and i think microsoft recognises if they beat ftc and they thought they had and they thought they had a strong case, i think ultimately it is a black eye for lina khan and the ftc. and it is now on a glide path to finally get done. a significant deal for microsoft. a significant deal for tech, especially with the ftc s significant loss right there. you do not think the ftc will appeal? they can appeal but ultimately i think there is a better chance of me playing the premier league than them winning. i think this is just a winning. i think this isjust a h