there s been troubling developments in other parts of the market. the effective cost of borrowing for the government is surging. to borrow over two years now costs over 4.5% in interest up from under 2% in august. that is now notably higher to lending rates to former crisis countries like italy and greece. when these rates go up, so do borrowing costs for corporations. retailers costs have surged increasing shopping bills and so have the costs of new mortgages. virgin money and skipton building society have halted mortgage offers for new customers. meanwhile, halifax said it had stopped mortgages with product fees. this is a concern for people like new dad aaron, whose fixed term mortgage is coming to an end just as his wife is on maternity leave, and the cost of living continues to rise. naturally, with other costs rising in terms of energy and other bills, it s going to certainly, you know, put us at a little bit more of a deficit.
there s only a certain price limit to what people will pay for a hotel room, so you can t put your prices up too much, otherwise peoplejust aren t going to come and particularly if they re all feeling the squeeze, too, with their own energy prices. from light to heat to shopping bills, staff are feeling the pain of those expensive prices at home as well. i know that everything fuel, you know, heating, everything is going up, so it s got to be passed on to us. but if we re not earning which were not, because you can t when you re not. you know, when it s quiet like this, i m not in as much as i would normally be. so i can t earn. as wages aren t rising as much as prices, pay packets aren t stretching as far. these inflation figures are the first we have of the new year, and i d love to be able to give more positive news for 2022, but with businesses passing on those extra costs to us, there are lots more price
hotels drop their prices significantly we just cannot do that because there would be no point having the hotel open. but trying to explain that to her customers is not something sadie is looking forward to. there is only price limit that people will pay for a hotel room. people are feeling the squeeze also with that energy prices. squeeze also with that energy rices. ., , ., ., prices. from lights, to heat, to showing prices. from lights, to heat, to shopping bills, prices. from lights, to heat, to shopping bills, staff- prices. from lights, to heat, to shopping bills, staff are l to shopping bills, staff are feeling the pain of those expensive prices as well. everything is going up and it has to be passed on to us and if we are not earning, which we are not, which you can t when it is quite like this, so i cannot earn. it is quite like this, so i cannot earn. a . ., cannot earn. as wages are not risin: as cannot earn. as wages are not rising as much cannot earn. as wages are no
sadie s looking forward to. there s only a certain price limit to what people will pay for a hotel room, so you can t put your prices up too much, otherwise people just aren t going to come and particularly if they re all feeling the squeeze, too, with their own energy prices. from light to heat to shopping bills, staff are feeling the pain of those expensive prices at home as well. i know that everything fuel, you know, heating, everything is going up. so it s got to be passed on to us. but if we re not earning which were not, because you can t when you re not. you know, when it s quiet like this, i m not in as much as i would normally be. so i can t earn. as wages aren t rising as much as prices, pay packets aren t stretching as far. these inflation figures are the first we have of the new year, and i d love to be able to give more positive news for 2022,
and heating this placejumped up in november from £2,000 a month to £10,000 a month. we ve got to increase our prices. i mean, we ve got no choice about it we ve got to offset some of the cost. usually in the winter months, hotels drop their prices quite significantly, but we just can t do that because there wouldn t be any point having the hotel open. but trying to explain that to her customers isn t something sadie s looking forward to. there s only a certain price limit to what people will pay for a hotel room, so you can t put your prices up too much, otherwise peoplejust aren t going to come and particularly if they re all feeling the squeeze, too, with their own energy prices. from light, to heat, to shopping bills, staff are feeling the pain of those expensive prices at home, as well. i know that everything fuel, you know, heating, everything is going up, so it s got to be passed on to us. but if we re not earning which were not, because you can t