Comments by "jjeffery worboys" (@jjefferyworboys8138) on "Interest rate raised to 1.25% by Bank of England - the fifth consecutive hike" video.

  1. It will probably get there sometime next year. Interest rate increases don't have any impact on supply issues, only demand.
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  2. They will simply cry and claim it's inhumane and a breach of their human rights, not to let them have everything they want with no clue how they will afford it .
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  3. Current rates are incredibly low, ask your parents what rates they paid.
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  4. It's an established and easy to understand measure, just as GDP is. As a ex banker, with respect to mortgage repayments, the key is affordability and that's depends on your personal circumstances.
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  5. Personal inflation is a much better indication. Why should I care about the price of things i don't buy ?
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  6. There is nothing wrong with recession. Recession is simply negative growth in GDP and if as the last monthly figure indicated a contraction of 0.3%, that's 3/1000th, it's hardly earth shattering. Why do we need to consume goods and services at an ever increasing rate ?
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  7. Not necessarily a bad thing. Why is it necessary to have ever increasing levels of consumption ?
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  8. Because economies throughout the world rely on oil and gas. How would survive without them ?
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