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if interest rates went up significantly it would ruin the London market as borrowing huge sums of money would be untenable for most. I don't think that would happen as it would also ruin the spending power of a lot of the nation.
If inflation goes rampant we are fucked.
Bainbridge-
If inflation goes rampant we are fucked.
Unless it comes with wage inflation. That would be rad. If you've just borrowed a large sum of money.
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Spending power of this country is pretty much tied into getting credit, because there's no capacity to save from your salary. Isn't it? That and credit being cheap is a problem.
I don't think people who set interest rates cared about a lot of the other places in the UK. I don't think Londons population will prove to be any more important in their decision.
Howard
Chalfie
As someone making steps towards buying (not London), should I be sitting tight?