mono-stereo The banks have no control over the base rate.
This is true, he was talking about effect not cause if I remember right.
What’s the impact on individuals mortgage payments when a base rate goes up?
Where does the extra money get paid to and what impact is that having on recorded profits of the recipients?
This is not to say I’m all behind ignoring the cause when trying to find a solution, that would be a little bonkers. I’m simply relaying the jist of the article and providing Mills with a possible outlet for his angst now he can’t afford cheap Eastern European brass
