Interest Rates To Rise Again This Week by 0.75% Piling More Mortgage Misery On Homeowners
Following the Queen’s funeral, it is time to get back to the reality of the crisis we are facing in the UK.
UK interest rates set to rise again this week by the biggest margin in 33 years, as pound slides against the US dollar. Sterling has fallen to a 37 year low against the US dollar, the reserve currency of the world.
This means that the UK is paying 15-20% more for imports, such as oil, on top of all the other factors causing prices to rise at the fastest rate since the early 80s.
Watch VIDEO on my YouTube Channel – Charles Kelly Money Tips Podcast –
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Expect to see more repossessions of homes and cars next year.
In my S.M.A.R.T money course, I always stress that borrowing to buy consumer goods - which go down in value - is a bad idea.
Now is the time to prepare for the economic winter ahead.
Get your house in order and fasten your seatbelts for a rough ride ahead.
When times are good, and borrowing is cheap everyone buys more on credit and the economy expends. But the cycle never lasts, as we cannot keep on borrowing and creating money out of thin air forever…It hasn’t worked in the past and it will not work now.
The party is over!
Inflation is running out of control, which means the central banks will have to tighten monetary policy and pull back the reins on the economy – slow down the economy causing a recession.
Now is the time to learn how to manage your money and prepare for the financial winter.
· Do you have any savings?
· Do you know how to invest or where to invest your money to build financial freedom?
· For how long could you pay your bills if you lost your job?
· Are you fed up struggling?
What can you do transform your finances and become financially free?
To help you get through this and come out stronger at the other end I have prepared a brand-new training, which you can access right now from the comfort of your home.
Claim your free Wealth Accelerator Discovery Call with me:
https://calendly.com/charleskelly/wealth-accelerator-discovery-call
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