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Rising cost of living
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Old 12-10-2022, 15:32   #556
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Re: Rising cost of living

Quote:
Originally Posted by 1andrew1 View Post
Significant rate rise needed in November - Bank of England chief economist
https://uk.finance.yahoo.com/news/in...vsgRrU6G3DqlqK
which country are these people working for
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Old 12-10-2022, 15:46   #557
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Re: Rising cost of living

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Originally Posted by papa smurf View Post
which country are these people working for
I really don't know, you'd best ask Truss and Kwarteng directly.
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Old 12-10-2022, 15:48   #558
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Re: Rising cost of living

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Originally Posted by papa smurf View Post
which country are these people working for
The Bank of England is the UK's central bank, its there to deliver monetary and financial stability for the country.

l hope that explains things to you..
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Old 12-10-2022, 21:29   #559
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Re: Rising cost of living

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Originally Posted by papa smurf View Post
which country are these people working for
I think they are trying to salvage the destruction our Prime Minister and Chancellor have bought upon us.
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Old 13-10-2022, 04:50   #560
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Re: Rising cost of living

That's nice.

Quote:
The deal for a soup, roll and refill hot drinks will be in place in November and December at 205 Asda stores across the country
Asda Cafe launches £1 meal deal for over 60s with unlimited tea or coffee
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Old 13-10-2022, 09:30   #561
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Re: Rising cost of living

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Originally Posted by Jimmy-J View Post
Hopefully they'll do this in January, February and March too which are cold months in most of the UK too.
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Old 13-10-2022, 12:46   #562
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Re: Rising cost of living

2016. Car service, MOT, internal and external valet. £99.
2017. Car service, MOT, external valet. £99.
2018. Car service, MOT. £99.
2019. Car service, MOT. £119.
2020. Car service, MOT. £129.
2021. Car service, MOT. £149.
2022. Car service, MOT. £229.
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Old 13-10-2022, 13:27   #563
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Re: Rising cost of living

Quote:
Originally Posted by Taf View Post
2016. Car service, MOT, internal and external valet. £99.
2017. Car service, MOT, external valet. £99.
2018. Car service, MOT. £99.
2019. Car service, MOT. £119.
2020. Car service, MOT. £129.
2021. Car service, MOT. £149.
2022. Car service, MOT. £229.
Not entirely sure if that's a fair comparison?

1. MOT's can be charged up to a fixed maximum price of £54.85
2. generally, servicing costs depend on the vehicle mileage and what work is required
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Old 13-10-2022, 14:18   #564
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Re: Rising cost of living

Had my car done yesterday
mot £39
service +internal/external valet £182
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Old 13-10-2022, 16:37   #565
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Re: Rising cost of living

Quote:
Originally Posted by mrmistoffelees View Post
Not entirely sure if that's a fair comparison?

1. MOT's can be charged up to a fixed maximum price of £54.85
2. generally, servicing costs depend on the vehicle mileage and what work is required
They call it an "oil change service", and it's been the same very year as I do little driving that I haven't hit the next "special" service yet. These costs don't include other things like brake fluid, brake pads, etc. Those always get added separately to the bill. And boy, they have hiked-up a lot too during the last 2 years!
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Old 19-10-2022, 20:12   #566
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Re: Rising cost of living

Inflation figures announced today - some 10.1%, higher than expected and five times the Bank of England's target.

September's figures are normally used for increasing benefits and pensions in April.
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Old 19-10-2022, 23:49   #567
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Re: Rising cost of living

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Originally Posted by 1andrew1 View Post
September's figures are normally used for increasing benefits and pensions in April.
I certainly hope so
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Old 25-10-2022, 10:07   #568
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Re: Rising cost of living

I have noticed the prices of pasta and cooking oil rising rapidly. Also beef and chicken.
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Old 25-10-2022, 10:22   #569
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Re: Rising cost of living

There was a article about this today following the Office Of National Statistics report.

https://www.theguardian.com/business...-inflation-ons
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Old 03-11-2022, 12:47   #570
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Re: Rising cost of living

Bank of England expects UK to fall into longest ever recession

https://www.bbc.co.uk/news/business-63471725

Quote:
The Bank of England has warned the UK is facing its longest recession since records began, as it raised interest rates by the most in 33 years.

In its outlook for the UK economy, it said the country would face a "very challenging" two-year slump and unemployment will nearly double.

It lifted UK interest rates to 3% from 2.25%, the biggest jump since 1989.

It takes borrowing costs to their highest since 2008, when the UK banking system faced collapse.
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