And the following day the rate was back at 10% Which then proceeded to fall to below 7% by the end of 1992. And the further still in 1993. The big and rapid rise in interest rates happened in 1988 an… (View Post)

Very many people believe there are 'painless' methods of raising tax and/or cutting spending. Almost always involving other people rather than themselves. (View Post)

One of things that baffle me is the hostility to the possibility of paying even small amounts of inheritance tax at some future date compared with the lack of concern about paying many hundreds in in… (View Post)

An extra thousand pound per year during your working life would be more useful than a big lump sum of inheritance in your 60s. (View Post)

Mortgage rates fell rapidly after Black Wednesday in 1993. In fact they had been falling for nearly two years before Black Wednesday: https://www.mortgagestrategy.co.uk/analysis/historical-interest-r… (View Post)