Insolvencies. 0n the other hand, headline inflation four times the bank of england s on target. june s easing is a lot to do with petrol prices, core inflation is still not falling significantly, wage growth is incredibly high. the economy is running too hot. the uk would be an outlier if they did not act today, if the bank did not act today. look at the area of the euro, look at the us, inflation is lower in the central banks in those territories have carried on with their rate hikes in the latest meetings. the question today is will they or won t they bite how high will be go today and how high could rates peak eventually. and how high could rates peak eventually- eventually. you can pick your economist. eventually. you can pick your economist, your eventually. you can pick your economist, your forecaster i eventually. you can pick your| economist, your forecaster as eventually. you can pick your . economist, your forecaster as to eventually. you can pick your - economist, your f
Mortgage rate and the easy access savings account rate which is what most people have, has gone up, it is about 4%, the gap, when pre this crisis it was a lot less. the banks say they are passing on interest rate rises to savers but the problem is, it tends to be on accounts where you are lock away your money for a year or so. that is not an option for lots of people because it is too big a risk. the financial conduct authority have put a plan together, we could get more news by the end of the month. the bank and building society offering the lowest rates have been given until the end of august to justify themselves and the fca has said they will take further action if they are not satisfied with those explanations. thank you for our with those explanations. thank you for yourtext. with those explanations. thank you for your text, text with those explanations. thank you for your text, text 85058, - with those explanations. thank you for your text, text 85058, joan - with those expl
Say, this is your line of work, different fortjeremy, it is great with the times are good, but when things go the other way, you ve got to face the consequences, i suppose? yes, of course, it is the other consequences out there, it is people finding consequences out there, it is people finding a consequences out there, it is people finding a home. i was hoping that dot like finding a home. i was hoping that dot like one of my properties is empty. dot like one of my properties is empty, and are renovating it myself. i empty, and are renovating it myself. i was empty, and are renovating it myself. i was hoping empty, and are renovating it myself. i was hoping to get it done in time to cover i was hoping to get it done in time to cover it. i was hoping to get it done in time to cover it, but initially, it was going to cover it, but initially, it was going to to cover it, but initially, it was going to go on the rental market, but i going to go on the rental market, bu
Things are hard enough as it is, someone is making a lot of money out of this. another listener saying i work in the automotive manufacturing industry, the bank of england is having a devastating impact on the altima sector, from manufacturing through to retail. a lot of businesses are about to lose jobs in scotland, they should be the last rate increase and in the future act sooner to slow the economy, not leave until the need to cut deep and hard. that point has been made many times before, did the bank of england act quickly and hard enough? let s bring in craig in edinburgh. good morning, create, sorry to have you holding on so much. this is about the rental market or are you looking to buy a property two rare looking to buy a property two we recently moved back to the uk intent
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