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The lounge Relax, take a break from photo and camera talk - have a chat about something else for a change. Just keep it clean and polite!

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  #31  
Old 21st May 2016
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Naughty Nigel Naughty Nigel is offline
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Re: Political: Your money

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Originally Posted by Harold Gough View Post
Changing the subject slightly, but keeping to the title:

The latest warnings that Brexit would mean higher interest rates on mortgages must mean that this will be the end of extreme low interest rates for savers. I hope so, being in the progress of moving all my equity investments into cash ISA.

Harold
But that will also mean the government has to pay a lot more interest on the national debt, so those of us who pay tax now will pay even more.
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  #32  
Old 21st May 2016
Harold Gough Harold Gough is offline
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Re: Political: Your money

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Originally Posted by Naughty Nigel View Post
But that will also mean the government has to pay a lot more interest on the national debt, so those of us who pay tax now will pay even more.
Not at all. The interest rates would increase in the UK. The Government borrows money internationally, wherever it is cheapest.

Harold
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