I said years ago that no one over 50 would live long enough to see any benefit from brexit.
In the short term, some with a pension fund will fare better than most as interest rates hit double figures.
That might be true but circumstances were very different in 1995. There wasn’t massive government debt or stagnant wages or Brexit, one can’t look at just one figure one has to look at the situation as a whole.
Having said that it could also be true that it is being said to make us feel better about $2 a litre fuel and rising electricity prices.
@strathmore , For once l agree with you !! On my returnn to uk 7yrs
ago after 37yrs absence
,it soon became apparent to me that the country had actually gone
backwards since l was last here !!
I put yhis down to a combination of Maggie Thatchers policies of
everything is for sale and of being a member of the EU ??
for instance everybody in my old circle of freinds had become lorry drivers,
or worked in retail or had market stalls etc. The only factory work had
become in food manufacturing and packaging, whereas we still had a
half decent machine tool manufacturing industry and were still building
and designing aircraft when l left the uk, ??
Everything now is focussed on banking and making money from money !!
Our skilled labour have been dispersed and devalued and it is doubtful if
our old industries can ever be revived ??
So , strangely, l have to agree with your most recent post!! 
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It says what? This is normal for a citizen of one country living in another country. To have the right to vote you need local citizenship. This was the case before Brexit as well. So it says nothing.
Agreed, but I wasn’t living in the UK back in 1995 so what do I know about the economy at that time?
@Percy_Vere , " what do l know about the economy then"?
Same here Percy, but my absence only made the difference between
when l left and when l returned so much more obvious ??
Not all could be blamed on the EU , But being a member only magnified
the errors of our leaders ?
For instance due to the CAP policy of the EU we ended up losing the bulk
of our fishing industry to european fishing fleets,mainly because our
politicians of the time failed to put UKs interests first , and now those same
european fisherman now believe they actually have some sort of claim to
ownership ??
Sorry to bring brexit nto this, but membership of the EU did have the effect
of exagerating our own mistakes and weakness !!
The EU could not believe their luck and wasted no time in capitalising on
our stupidity, especially we when we started selling off our ndustries and
giving contracts to them to run our utilities and build our power stations?
We are paying the price now for our ‘short termism’ as strathmore calls it!!
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Am I the only one on the forum who is going to benefit from the higher interest rates?
Bring it on…
No, you are not the only one. I doubt many here will have a mortgage and most will have investments I would have thought
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@OldGreyFox , Nope, you are not the only one OGF !!
About ten thousand bankers are making a killing due to Rishii borrowing
about £30 billion on our hehalf just before the BOE decided to raise the
rate,(twice !!) ??
Coincidence ???
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I’ve not had a mortgage since I turned 43 and improved my/our investments since that day. Wise investments will always provide good returns even in times of a squeeze. Also it’s knowing when to divest and where to reinvest to good advantage 
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Ha Ha…I’m happy to get the scraps that fall off the bankers table Donkeyman…
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@strathmore , “why do we have two candidate PMs not focussing on this ??”
Because the two candidates you speak of are members of that elite
group of bright and connected individuals in non-productive jobs is the
answer !
As you have stated or inferred somewhere before, this country needs people who are prepared to get their hands dirty and do the nitty gritty? Instead we
get hordesof uni-graduates carrying high debts and degrees in mythology and an inability or unwillihgness to even put a bicycle chain back on ??
These things are part of the problems causing “poor performance” in uk!
We also use the services of so called “advisers” and " think tanks" far too
much? Given the poor performance rating we have earned whilst using these
" adviser/ thinkers"it seems to me to be counter-productive to what we need ??
Perhaps its a way of making jobs for them, as they do do seem unwilling to
do what is really needed ??
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Co incidentally I was the same age when I finished my home mortgage however I had mortgages (a few interest only) on investment properties because I negative geared them as much as I could.
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One must applaud anyone who buys property and pays off the mortgage loan as quickly as possible. But I suspect that these days are over for many. The price of housing is so high that many people will be nearly 40 by time they will have saved up sufficient deposit.
Plus, these days with so much money tied into property I do wonder if this is inhibiting other investment (that could be growing the economy)?
I could only pay mine down and eventually off because my employer (The Crown) gave me very generous relocation allowances when I moved twice at their direction to comply with distance-from-posting upon change of sub-department and promotion. After that, I bought to let and I still scour all the buy-to-let adverts and auctions because there are still the occasional run down bargains to be found. I buy for and on behalf of my family as a way avoiding unnecessary taxes now and at my death. I don’t even own my own house here, my whole family does in a form of tontine which also covers their houses too. No expensive mortgages for my lot so no greedy bankers to raid our pockets with expensive interest charges. It’s somewhat complicated, but it does work and the costs are nowhere near mortgage rates and charges.
I just paid my first mortgage off in 9 years by paying extra at the beginning of the mortgage (from memory the first extra $1000 knocked six years of the mortgage period), I had about a 30% deposit so that helped too.
When I divorced my second wife I gave her a house which she managed to lose in 4 years.
@strathmore , What you say must only be true
for yhe uk then??
As property prices in Fance and spain can be at least 50% lower than
property prices in the UK for vastly better accomodation !!
So it should be easier for people in europe ??
I think that the powera that be in the uk encourage high property prices
as it reflects well in the asset column of the countries financial books ??
Good question and fair points. I’m not sure the same property owning models apply. More people rent in mainland Europe. Some country’s banks have tougher hurdles for obtaining a mortgage. People tend to rely less on property asset gains for creating savings. Plus the capital gains tax laws are often different. While out in the country property can be very well priced this is not always so true for big cities.
I suspect that the top end of the UK market has been pulled upwards by overseas buying. Some of this has been dodgy money and with ownership hidden behind overseas companies. International money laundering has found London’s money markets, advisors and loose property laws attractive. When your Mayfair house moves from £5m to £15m then your Islington house moves from £500k to £5m and your Stoke Newington house moves from £150k to £500k. And so on outward.
I shouldn’t complain as my London flat could have bought me x5 of the SW France 4 bed farmhouse on 3 acres that I purchased.
No, you’re not the only one Foxy. 
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Good on yer Percy…
