16 Dec 2015

Interest rates - NOT amateur radio

It has started.  Gradually rates will rise across the world. People had better get ready for life when borrowing costs more. I can remember when interest rates hit 15% and mortgages were very expensive.  At the moment borrowing (and being in debt) is very cheap, but history tells us these days will not last.

See  http://www.bbc.co.uk/news/business-35117405

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