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MPC may raise Interest Rates to 6% in August!

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Comments

  • Guy_Montag
    Guy_Montag Posts: 2,291 Forumite
    1,000 Posts Combo Breaker
    Generali wrote: »
    Falling food prices seem to be more to do with supermarket price wars than bad weather.

    e.g. link

    Falling furniture prices most likely a function of the strong pound (and weak demand due to bad weather?)

    Petrol and gas prices are falling due to strong pound

    link
    Not sure if it counts, but my local tesco was selling garden furniture for pennies at the end of last month to make way for the back to school stuff.
    "Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
    Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
    "I think I'll become an alcoholic," said Betty.
  • baby_boomer
    baby_boomer Posts: 3,883 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Healthy food prices will soar in 2007/8. The recent floods wiped out 40% of the pea crop, leeks will also have been affected and it's been impossible to get decent broccoli recently.

    We are also increasingly at the mercy of Russian controlled gas supplies. This matters much more in the medium / long term than the recent strength of the £.

    It's definitely time to get some garden furniture / barbecue bargains, though :).
  • Guy_Montag
    Guy_Montag Posts: 2,291 Forumite
    1,000 Posts Combo Breaker
    Well you can use the garden furniture on the BBQ to cook & keep your place warm - just got to think outside the box ;)

    Edited to add - don't forget the box can be burned in extremis
    "Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
    Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
    "I think I'll become an alcoholic," said Betty.
  • ManAtHome
    ManAtHome Posts: 8,512 Forumite
    Part of the Furniture Combo Breaker
    Generali wrote: »
    Falling food prices seem to be more to do with supermarket price wars than bad weather.
    Wonder who's bottom line all that's going to hit...

    Suppose we'll have to wait for the trading statements - is this a sudden productivity leap or a touch of high-street panic?
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    ManAtHome wrote: »
    Wonder who's bottom line all that's going to hit...

    Food manufacturers according to the FT.
  • ManAtHome
    ManAtHome Posts: 8,512 Forumite
    Part of the Furniture Combo Breaker
    Business as usual then...
  • mystic_trev
    mystic_trev Posts: 5,434 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    baby_boomer wrote: »
    It's definitely time to get some garden furniture / barbecue bargains, though :).

    Oh that's bloody great, I live in a flat!

    Sorry - Luxury Apartment!!!!!! :j
  • dunnomate
    dunnomate Posts: 67 Forumite
    The MPC cannot resist pushing them to 6%. I think this will be the peak given the 1.9% inflation figures. Remember, the last five rises are still working themselves into the economy. Also 287,000 people are due to come off fixed-rate deals by the end of the year !
    No Links in Signatures by Site Rules - MSE Forum Team 2
  • mystic_trev
    mystic_trev Posts: 5,434 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    dunnomate wrote: »
    Also 287,000 people are due to come off fixed-rate deals by the end of the year !

    Where do you get that figure from? I thought it was between 2m & 2.8m by the end of next year, which would make your figures somewhat on the low side!
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    We estimate that over 2 million fixed rate deals will mature this year and next and that borrowers who took out two year fixed rate deals two years ago will face substantial increases in their payments when their existing fixed rate products mature in the second half of this year and throughout 2008

    From the CML

    Probably a good time to buy cigarette and booze company shares. Their customers are addicts so will continue to buy their products even as their house is repo'd in many cases.
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