The Pound has plummeted; now interest rates will skyrocket. Here’s how it harms YOU

Last Updated: September 27, 2022By Tags: , , , , , , , ,

The grinning Kwarteng: do you think he intended to cause the chaos he has inflicted on the United Kingdom, and was actually laughing to himself about it during the Queen’s funeral?

Up close and very personal.

If you’ve got a mortgage, the amount you pay towards it depends on interest rates.

If they are going through the roof, then you may suddenly find that you don’t have enough to pay for your home – and, shortly afterwards, that you don’t have a home to live in.

Remember, the lower Pound means food will cost a lot more than it does already; we import 40 per cent of our food from the EU.

Now watch this:

The keyword from this is: unsustainable.

The answer, if the grinning Kwasi Kwarteng is still determined to avoid a windfall tax on energy firms’ profits, is higher taxes or cuts to public services – and he has cut the 45 per cent tax bracket.

So you can expect the axe to fall on public services – probably before the end of the year. That will mark the end of the UK’s society as you know it. Bye, Britain, it was nice knowing you (back in the 1970s before the Thatcher rot set in)!

Unaffordable food, housing (and energy, let’s not forget); a savage attack on public services to come. Is this what you wanted?

Have YOU donated to my crowdfunding appeal, raising funds to fight false libel claims by TV celebrities who should know better? These court cases cost a lot of money so every penny will help ensure that wealth doesn’t beat justice.

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One Comment

  1. Ron Meaden September 29, 2022 at 2:54 pm - Reply

    Hail to the American dollar, BLOW THE POUND the government is saying to my mind.

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