Odd Mixture News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Odd mixture. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Odd Mixture Today - Breaking & Trending Today
flanders and claire barrett. we have got stephanie flanders from bloomberg economics on the podcast. hello. hello, hello. and another friend of the podcast, claer barrett, from the financial times. thank you for having me. i m glad you re here, so, interest rates at 3%, stephanie. gives a sense of how that feeds into real lives. in gives a sense of how that feeds into real lives. into real lives. in terms of money that into real lives. in terms of money that is into real lives. in terms of money that is about - into real lives. in terms of money that is about 2 - into real lives. in terms of. money that is about 2 million people in the country who are on a variable rate the biggest since the 80s or 90s depending on who you believe. and for somebody with the average size mortgage, that is going to add nearly £80 a month or £1000 a year, just from today s rise, but of course, that is the eighth rise we have had in succession from the bank of england. there is more ....
2 million people in this country who are on a variable rate mortgage who will immediately see the impact of that 0.75% rise we have had today. the biggest since the 80s or 90s depending on who you believe. and for somebody with the average size mortgage, just from today s rise, but of course, that s the eighth rise we have had in succession from the bank of england. there s more pain to come for around 2 million people you roll off their mortgage fixed rates next year. they might see an even bigger rise because they re on a really low rate now and it ll probably be higher than it is next year, so again, somebody with the average size mortgage, they can expect to pay around £250 more per month, or £3000 a year, and that s based on a mortgage of 130,000 so obviously if you have a bigger mortgage, you will have bigger repayments. trying to work out from listening to the various contributions we ve heard today, whether it be andrew bailey at the bank of england orjeremy ....
Recession ever recorded, but then, how deep is it going to be, and interest rates are going up but how high might they get? there is another weirdness about this which is that at the same time that we are talking about a terrible squeeze and a recession, we are not really looking at rising unemployment so what we think is historically associated with a big recession, lots of people losing theirjobs, you are definitely not seeing that. you still have an enormous number of vacancies and not enough people people to fill them. a smaller labour market now, smaller number of people working or even wanting to work than before covid so, it is an odd mixture, and we have not seen that since the 70s, just the higher prices without necessarily the economic pain yet. we are looking at more economic pain, going down the next year and a half, and, as you pointed out, it looks like it could be a long period where the economy is technically shrinking. might not be shrinking that much. what i thought w ....
The account of the war effort that united britain and the united states. katty kay, you are there in london today where the president will hold a joint news conference with the prime minister. what s been the feeling on the ground inside london and inside the uk day one and a half now of the president s visit? i guess a sigh of relief that it went off okay yesterday in terms of pageantry. the president, of course, arriving and causing a political stir with a scathing attack on the mayor of london, the city that he was about to touchdown in, but in terms of the royal side of things, all of those weeks of preparation paid off. donald trump is seen to have performed the part just fine. there were no massive royal protocols breached. so you had this kind of odd mixture of the president doing the royal part of it well as he was meant to and yet politically and diplomatically causing headlines here and causing ....
Weeks of preparation paid off. donald trump is seen to have performed the part just fine. there were no massive royal protocols breached. so you had this kind of odd mixture of the president doing the royal part of it well, as he was meant to, and yet politically and diplomatically, causing headlines here and causing controversy here by being so rude about sadiq khan, the mayor of london, just before he landed. officials on both sides of the atlantic keen to say, this is not about donald trump, the president, this is about the american/british relationship, the alliance of the last 75 years since the 75th anniversary of d-day and how important that relationship has been. but the protests today are against donald trump. he has something like two-thirds of the british public who think he has been a bad, if not terrible american president. and there s not much love lost for the president here. and we re going to see those demonstrations, the protesters already getting ready, just very ....