Anyone felt the pinch yet?

Notice a good proportion of my hotels are quiet this week. But with the jubilee round the corner and pride the week after maybe folk are simply saving their trips for that.

Cant help but feel the media are driving a lot of it. They seem hell bent on us heading into a recession. Making people panic and stop spending.

They should be telling everyone its all gravy.

Only area Ive felt it is diesel. £154 to fill my van the other day. That's taking the piss.

12 hours ago, MancWanderer said:

Mrs Manc has just hit the menopause

Thermostat has suddenly moved from 20C to 15C

I feel/share your pain. Wife's there, too.

Apologies to any readers who have family members suffering/suffered from dementia, but I'm sure this menopause shit is like early dementia, she's going mad.

33 minutes ago, Traf said:

I feel/share your pain. Wife's there, too.

Apologies to any readers who have family members suffering/suffered from dementia, but I'm sure this menopause shit is like early dementia, she's going mad.

If my missus stubs her toe she blames the menopause. 
 

BOE rates up by 0.75%. 

3 minutes ago, Ani said:

BOE rates up by 0.75%. 

They were 15% in the 80's though

So it really shouldn't be newsworthy

8 minutes ago, Ani said:

BOE rates up by 0.75%. 

Sadly a bit too late, and probably not by enough yet.....I was hoping it would effect the e/r a bit....which it has, as it's dropped 1.5% against USD since they made the announcement

13 minutes ago, Ani said:

If my missus stubs her toe she blames the menopause. 
 

Mine blames me.

1 minute ago, Sweep said:

Sadly a bit too late, and probably not by enough yet.....I was hoping it would effect the e/r a bit....which it has, as it's dropped 1.5% against USD since they made the announcement

Doddery Old Biden and his strong fckin economy

Get the orange warrior back, we got more bunce to the buck when he was in charge

2 minutes ago, Sweep said:

Sadly a bit too late, and probably not by enough yet.....I was hoping it would effect the e/r a bit....which it has, as it's dropped 1.5% against USD since they made the announcement

2 minutes ago, Sweep said:

Sadly a bit too late, and probably not by enough yet.....I was hoping it would effect the e/r a bit....which it has, as it's dropped 1.5% against USD since they made the announcement

US Moved another .75%  last night thats why its not had any effect.

A 2 year recession??

Pah!

In the 80's, we had to scrape recessions off the window panes every morning before paying £27.39 for a loaf of bread.

You kids don't know what hard times are.

 

24 minutes ago, Mounts Kipper said:

US Moved another .75%  last night thats why its not had any effect.

Yep. US still 1% higher than us so I doubt there’ll be much change to be honest. As other Central Banks around the world do the same, little will change with other currencies either.

15 hours ago, Big E said:

Never get the cock swinging not putting the heating on. Why would you sit in a cold house. Weird. 
 

We’ve got hive thermostats on the radiators to stop wasting energy heating rooms we aren’t in but the basement is on most of the day as it’s fucking Baltic 

Good you’re looking after the staff below stairs. I commend you for that.

32 minutes ago, Mounts Kipper said:

US Moved another .75%  last night thats why its not had any effect.

It has had an effect....a slightly negative one, hence the drop 🙂

13 minutes ago, Sweep said:

It has had an effect....a slightly negative one, hence the drop 🙂

Its Jo Biden’s fault, that.

3 minutes ago, Spider said:

Its Jo Biden’s fault, that.

not that evil witch, Nancy Pelosi?

1 minute ago, Sweep said:

not that evil witch, Nancy Pelosi?

She’s too busy playing hammers with MAGA’s

2 hours ago, Sweep said:

I would be if she didn't leave the windows open to get a bit of fresh air in, and the bi-folds open so the dog can get into the garden when he wants to 😀

It's a good job you're in the ton fifty club with your energy bills! 

1 minute ago, Winchester White said:

It's a good job you're in the ton fifty club with your energy bills! 

This is @Sweep stood near his bifold doors in winter

 

5 hours ago, Sweep said:

It has had an effect....a slightly negative one, hence the drop 🙂

It will continue to bounce around slightly, can't see it settling one way or the other yet.

Despite the US raising their rates higher and quicker, inflation remains high there too.

Likely to remain high until we get to around spring- that's when the rates started to climb high this year, so we'll see the effect of the war etc on both years when they're compared month by month.

Last week the gas price was at the same level as it was when Russia invaded. Fingers crossed, if it stays like that then we could see the rate drop quite a bit.

Plenty of time though for that to change. 

There are many more savers than with mortgages, so good news for them, many of whom are pensioners.

6 minutes ago, globaldiver said:

There are many more savers than with mortgages, so good news for them, many of whom are pensioners.

Many of who lived through the 15% mortgage times. 
Im going back into my bunker. I suggest you do the same.😊 💣 

1 hour ago, globaldiver said:

There are many more savers than with mortgages, so good news for them, many of whom are pensioners.

All our bank money is with nat west

We have been with em forever and no mortgage

Should we be moving to maximise savings interest?

58 minutes ago, BobyBrno said:

Many of who lived through the 15% mortgage times. 
Im going back into my bunker. I suggest you do the same.😊 💣 

It was tough but 15% on 40k mortgage sounds less shitty than a doubling in rates on 200k, for example

6 minutes ago, Casino said:

All our bank money is with nat west

We have been with em forever and no mortgage

Should we be moving to maximise savings interest?

Could always chuck lump sum some into the pension and get the tax relief. 

33 minutes ago, Casino said:

It was tough but 15% on 40k mortgage sounds less shitty than a doubling in rates on 200k, for example

It’s all relative. 
We’ve been in the same house for 32 years. Bought it off plan and went up to our maximum at 10% in June 89. Moved in on Jan 1st 90. Within a couple of months it was 15%. 
Tough times. We got through it but was in debt for years after. 
I know people who ‘handed their keys back’ to the mortgage providers due to negative equity. 
It’s a while since I took out a mortgage (I used to have two🤷‍♂️) but there used to be a warning that interest rates could go up as well as down. Nothing is certain.