Obviously. We ain’t dancing around when the rent or mortgage goes up swallowing the little left we had from all of the other raising costs.
By far the most punished is mortgage holders coming off fixed rates. If they’re the low paid then I agree.
The rhetoric switch around this in just a decade has been astonishing. Low rates help rich people more than anything they just keep leveraging more debt
Inflation punishes the low paid too. If Dhingra expects there to be a rate which is always perfect for everyone, that’s not possible. There will always be winners and losers. Low rates punished a lot of people for years but we got on with it. Now some of the previous losers are gaining, and vice versa. Rates are still very low historically and the extremely low rates we had for years were never going to last.
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Obviously. We ain’t dancing around when the rent or mortgage goes up swallowing the little left we had from all of the other raising costs.
By far the most punished is mortgage holders coming off fixed rates. If they’re the low paid then I agree.
The rhetoric switch around this in just a decade has been astonishing. Low rates help rich people more than anything they just keep leveraging more debt
Inflation punishes the low paid too. If Dhingra expects there to be a rate which is always perfect for everyone, that’s not possible. There will always be winners and losers. Low rates punished a lot of people for years but we got on with it. Now some of the previous losers are gaining, and vice versa. Rates are still very low historically and the extremely low rates we had for years were never going to last.