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BoE Interest Rate Hike

Last post Fri, Nov 10 2006, 8:47 AM by ladyharley65. 1 replies.
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  •  Fri, Nov 10 2006, 8:47 AM

    Re: BoE Interest Rate Hike

    With this latest increase, I wonder how I will continue to meet the payments, with Xmas fast approaching I can see this year presents being very thin on the ground for my children, even though they understand that money is tight this year, I feel dreadful that I cant give them the xmas they deserve. I have struggled as a single parent now for 7 years with no financial help from their father in all that time as he refuses to pay maintenance, this increase feels like a kick in the teeth for me, i work full time as it is and can see no way of gaining any extra money to meet this as my wages will not be going up in line with the interest rates.
    • Post Points: 5
  •  Thu, Nov 09 2006, 12:00 PM

    BoE Interest Rate Hike

    Widely rumoured - and with little doubt, about to be confirmed - the Bank of England are raising interest rates to 5%. With Christmas coming, does this rise worry you? Will you struggle with mortgage or loan repayments? Were you expecting the change - is there no option but to use interest rates to curb inflation.

    Share you thoughts, tips and woes with other users.
    • Post Points: 20