“Bank of England says UK economy coping with higher rates”

Jul 12, 2023 | Economy

So here’s the good news. We plucky Brits are getting on with life in the face of rising interest rates, inflation and other economic misery. You can almost hear one of those wartime newsreel presenters: ‘Yes, even at Buckingham Palace, their majesties are sharing a bath to economise, so best you follow in the wake of our royals, Mrs.’ Digging below the Bank of England’s report’s headlines, it’s the banks that it thinks are doing OK, or at least better than they did last time around because, so far, less businesses and households are going belly-up financially. However, around 2..5m fixed-rate mortgages will come up for renewal later this year or next, and that could be the rub for many. Just in time for the next election. Which might, if one was being at all cynical, give a glimmer of hope. Perhaps for the arrival some much-needed bribes.

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“Donald Trump is winning. Business, beware”

“Donald Trump is winning. Business, beware”

There’s a perception that whatever might be the consequences for the rest of the world, Trump as President should be good for business. Surely, as a business man himself, he’d be the friend of Corporate America, and everything, money-making-wise, went pretty well last time around didn’t it?