£70k sat in the bank

Fu_Man_Chu

I'm really starting to worry about this now. With the amount of debt this country is about to go into and money being dropped all over is hyperinflation becoming more realistic? I'm tempted to give the money back

phillw

Fu_Man_Chu said:

I'm really starting to worry about this now. With the amount of debt this country is about to go into and money being dropped all over is hyperinflation becoming more realistic? I'm tempted to give the money back

Can you give the money back without it triggering an early repayment charge? Having it sat in a bank account isn't ideal at any time, but losing a large chunk of it repaying the mortgage early is also not ideal.
Do you want the extension still?
I'm not sure I'd be making plans as far ahead as September personally.

strawb_shortcake

I'd be tempted to put it in premium bonds, can split it between two people if possible you might not win anything but if you do it'll be better than anything you'd get from the banks at the moment 

triathlon

Fu_Man_Chu said:

I'm really starting to worry about this now. With the amount of debt this country is about to go into and money being dropped all over is hyperinflation becoming more realistic? I'm tempted to give the money back

Go back to HPC.com and stop wasting peoples time  

50Twuncle

Buy Gold - thats the only safe way of investing today !

Alternatvely - change your name, sex and address - and disappear for a few decades !

anonymous12124

silvertooth said:

Things are going crazy in Costco every time there is a story of new stock coming in

bit there is very little new stock coming into the country 

Horse sh*t,. Just came home from Costco, managed to get toilet roll, eggs and cooking oil amongst other things. I have also managed to get meat and yoghurt from Tesco. The panic was big a few days ago, but things are settling.

I think hyperinflation is inevitable because of the chancellor's 80% statement yesterday,

50Twuncle

anonymous12124 said:

silvertooth said:

Things are going crazy in Costco every time there is a story of new stock coming in

bit there is very little new stock coming into the country 

Horse sh*t,. Just came home from Costco, managed to get toilet roll, eggs and cooking oil amongst other things. I have also managed to get meat and yoghurt from Tesco. The panic was big a few days ago, but things are settling.

I think hyperinflation is inevitable because of the chancellor's 80% statement yesterday,

Calm down - it appears to depend where in the country you are - some stores have a full choice - some have bare shelves !

Sainsburys / Tesco / Morrisons around me have empty shelves - Co op not so bad

Thrugelmir

anonymous12124 said:

silvertooth said:

Things are going crazy in Costco every time there is a story of new stock coming in

bit there is very little new stock coming into the country 

I think hyperinflation is inevitable because of the chancellor's 80% statement yesterday,

Current oil price is a major boost to the UK. 

Fu_Man_Chu

phillw said:

Fu_Man_Chu said:

I'm really starting to worry about this now. With the amount of debt this country is about to go into and money being dropped all over is hyperinflation becoming more realistic? I'm tempted to give the money back

Can you give the money back without it triggering an early repayment charge? Having it sat in a bank account isn't ideal at any time, but losing a large chunk of it repaying the mortgage early is also not ideal.
Do you want the extension still?
I'm not sure I'd be making plans as far ahead as September personally.

We can give back 10% a year without penalty.
Still very much want the kitchen extension and if I stay in work then the debt is serviceable.
It's the inflation over the next 6 months and keeping my job that worries me. Guess all I can do is sit and wait it out.