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
what is the broader influence of brexit on inflation do you think? i of brexit on inflation do you think? ~ of brexit on inflation do you think? ~ , , , think? i think it s disrupted trade supplies think? i think it s disrupted trade supplies and - think? i think it s disrupted trade supplies and there i think? i think it s disrupted trade supplies and there is | trade supplies and there is more costs involved with many of the trading partners so the net effect is that is more expensive but more competition in due course and hopefully we have more competitors to deal with which allows more people to sell things in the uk and if it comes in time and ultimately we expect there to be a benefit as well and the net effect is actually costs arising at the moment in the uk faster than elsewhere and that s why uk interest rates unfortunately had to continue rising even at a time when many other global central banks are holding off interest rate rises at this point. interest rate rises at