17 February 2011

Surely not.

According to Policy Exchange, an influential think tank The Bank of England will be forced to employ rate hikes in order to tame rising inflation.

Ok let's back up for one incy wincy minute here. You are telling me that inflation is getting so out of control that the powers that be are willing to risk the livelihood of millions of homeowners by introducing such drastic measures?

I mean do they not realise that taking this action would literally send the country into a spiralling journey of debt and destruction. Maybe dramatic but could you cope a few interest rates rises considering the current cost of living?

Maybe half the duty on petrol to combat the rise in interest rates would balance things out slightly but just to raise them...Not a good move.

The pressure of managing a debt on a property with that type of interest rate would be too much for most.

I would struggle to see how people would stop repossession which would surely be a very prominent result of these actions.

We need to be encouraging people to buy properties, not flee for the hills.

We want Property Investors, First time buyers, second time buyers, any buyers to be active in a bullish market. Not a market where tumble weed is rolling past our local estate agents door.

The powers that be really need to think long and hard about this before they do something they regret.

Silly me they never publicly regret anything, do They!