BOE MPC raises interest rates by 0.25% to 0.50%

Sibley

Been funny today.
All the HPC gang in a frenzy. This is it...The second coming.

Count of Nowhere planning on buying in Mayfair for 90% off next month.
Bruce Spanner straight in with the facts and figures.
The 4 horsemen riding up and down the breadth of UK, Scotland and Ireland.

Worked it out. Most peoples mortgage will be up a whopping tenner a month. In perspective. I paid 3 quid to park down the town today and gave a Salvation Army bloke 2 quid in the car park.

He can whistle next month

GreatApe

The hpc cheerleaders are nuts

They are two very big problems they don't dare compute.

Firstly mortgages are so cheap that over a five year period you need a 20% hpc just to break even

Secondly why would landlords sell up after a 50% hpc? I would sell all my rental properties of prices doubled. I would sell none of them if prices halved.

Sibley

I'm waiting for Sky News to find some bird walking round Bluewater saying the rise will have massive effect on her family budget and Xmas is cancelled.

Eric_the_half_a_bee

Sibley wrote: »

some bird

Fire up the Quattro!

antrobus

michaels wrote: »

But can't be draw an exact analogy with energy suppliers standard variable tariffs - ie higher prices for those who can't or won't swap around. Given this is politically unacceptable for utilities I can't see it will be long before the same happens with mortgages.

You are behind the curve.:)

No 1 chap at the FCA is already moaning about "mortgage prisoners".

http://www.telegraph.co.uk/personal-banking/mortgages/brexit-blame-watchdog-tells-borrowers-trapped-high-mortgage/

He apparently blames "the distraction of Brexit negotiations" for the FCA's failure to intervene. Others might point out that it was the EU Mortgage Credit Directive that caused the 'problem' in the first place. So perhaps Brexit will fix it anyway.:)

economic

GreatApe wrote: »

In theory the 2020-2030 period should be a decade of low price inflation as the near AI software revolution kicks in making goods and services a good deal cheaper.

what do you think future in demand jobs will be like over the next 2 decades?

im learning python currently and wondering if this will help? or am i wasting my time? (i do quite enjoy learning it though).

System

economic wrote: »

what do you think future in demand jobs will be like over the next 2 decades?

im learning python currently and wondering if this will help? or am i wasting my time? (i do quite enjoy learning it though).

Depends what you want to program really. Once you know Python most other languages will have similarities.

lisyloo

Joeskeppi wrote: »

Depends what you want to program really. Once you know Python most other languages will have similarities.

Unfortunately doesn’t work like that in my (27 years) experience.
Have a look at some job adds.
Say things like “must have x years experience in java#++”.
It’s rarer to find enlightened employers willing to cross train unless your applying for an entry level position.

economic

lisyloo wrote: »

Unfortunately doesn’t work like that in my (27 years) experience.
Have a look at some job adds.
Say things like “must have x years experience in java#++”.
It’s rarer to find enlightened employers willing to cross train unless your applying for an entry level position.

Do you know what the best way for me to get an entry level job in python? I live in London. I am happy to start from scratch. Thanks

Crashy_Time

Sibley wrote: »

I'm waiting for Sky News to find some bird walking round Bluewater saying the rise will have massive effect on her family budget and Xmas is cancelled.

Sky news presenters were saying things yesterday like "I can remember paying 15% on my mortgage", and "Could we now see rates ticking up every few months". Neither likely IMO, but it is all about sentiment, and I believe that they are deliberately pacing sentiment, just as they did when blowing the bubble, and that many people take their financial cues from things they hear on the main media outlets. Bottom line is they raised them, most of you guys thought they wouldn`t IMO.