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Does the proposed energy plan signal the end of interest rate increases?

RG2015 · 2022-09-07 15:45:25

Many (although not all) forecasters are saying the proposed energy cost plans will rein in inflation. This is turn could reduce the need for continued increases in the BoE base rate. Is the likely to reduce interest rates on savings accounts, and therefore should savers move more quickly to get a current fix? Current rates…

Comments

csgohan4 Posts: 10,607 Forumite

9 September 2022 at 1:14PM

Problem is borrowing and country debt will go up more and someone is going to pay for it. This notion, yeah lets reduce our bills, is just kicking the can down the road to oblivion. Do you really want to be like Greece and default on debt because not enough tax was garnered to service the debt

Sadly ppl who read the Daily Mail are all happy and see no downside to fixing bills.

"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

G_M/ Bowlhead99 RIP
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