Rishi Sunak urges people to hold their nerve on interest rates

27 comments
  1. Coming from a man with several hundred million in a bank account…plus the tax dodging wife’s ill gotten gains comes as little compensation does it?

  2. Hold their nerve? Is he serious? People are struggling to hold on to their homes nevermind their nerves! He’s so privileged even his most basic advice is just insulting ignorance.

  3. As if people were calm before this latest rise. My food bill has gone up by nearly £10 in a year and that is with me cutting out all treats too. I am a single guy and can weather that but I cannot imagine how people with families and mortgages are coping with all this. Many are rightly going to be petrified of losing everything they have worked so hard to obtain. People should have to hold their nerves because the government want to protect themselves and the rich at the expense of everyone else.

  4. My nerve is holiding, but if you physically dont have the money, the bank will take your house. Fuck all to do with nerve my monied friend.

  5. I’m just going outside now to bang some pots and pans to get through this new crisis. Wait, is the pan thing for all crises?

  6. Don’t worry.

    Tories will take your home once you can’t pay. Then charge you 5 times your mortgage rate for rent.

  7. What does this actually mean? What does not holding your nerve look like in this context?

    Having fear about the future is kind of the purpose of raising rates, to curb inflation.

  8. Mr. Sunak’s “hold your nerve” advice shows a startling disconnect from the reality that ordinary homeowners and businesses are grappling with. “Stick to the plan”, he says, but the plan is bleeding us dry and stoking the engine of the biggest wealth transfer we’ve seen in decades. The BoE keeps tightening the screws with constant interest rate hikes that are doing little to tame inflation but are great for pushing people and businesses into the red.

    What’s becoming increasingly clear is that this isn’t really about controlling inflation. It’s about asset stripping the middle and lower classes while corporate behemoths post record profits. Rather than targeting those who have unfairly benefited from the pandemic and geopolitical tensions, it’s the ordinary people, already struggling with a cost of living crisis, who are bearing the brunt of these policies.

    All while we are reassured that “the plan will work” and we “will get through this”. Through what exactly? Losing our homes, shuttering our businesses, and surrendering our assets to the “upper quartiles”? It’s a plan alright, but it sure doesn’t seem like one that serves the interest of the many. Instead, it provides a perfect storm for the rich to swoop in and snatch up repossessed properties and bankrupt businesses at bargain basement prices.

    But hey, maybe if we “hold our nerve” long enough, we can watch the entire middle class evaporate. Now there’s a plan we can believe in. Apparently…

  9. So the cure for inflation is to take money from mortgage and rent payers to give to the banks?!?! The same banks we bailed out a few years ago.

    Yeah right Rishi you Cunt.

  10. You ‘hold your nerve’ when you invest in some shares that lose value for a bit even though you believe in their long term returns. When you are struggling massively to pay your bills, ‘holding your nerve’ has got fuck all to do with it

  11. Cheers Rish, whole country is fucked. I’ll just hold my nerve shall I? Basically think he is saying it is going to get much worse before it actually doesn’t get better, it is just getting worse. Enjoy the ride,!

  12. I’ll see if my landlord accepts nerve as payment, or if Lidl will accept it for my weekly shop. If not I don’t quite know what to do with all the nerve I’ll be holding.

  13. Will the bank be holding their nerve when their customers can’t pay? I doubt it somehow. Little of this is Sunak’s fault, but such ill-thought comments don’t help his case.

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