Rob discusses the potential impact of rising inflation on the economy, explaining that as pay rises outstrip inflation, people will demand higher compensation to cover the increased cost of living. This, in turn, leads to increased overheads for businesses, which may result in higher prices for consumers...
"If those costs get passed over to the customer, that is going to be in the terms of higher prices. And then we start getting onto that slippery slope again."
"What will happen is that the consumer is likely going to be hit with even more price increases and then the vicious circle starts again."
"What is alarming is from speaking to a couple of friends and other people in various communities is the amount of people that have somehow ended up on variable mortgages by design."
"So although the BBC in this particular case is where the articles come from, although they might be trying to put a positive spin on it, actually, it's probably gonna have a negative consequence moving forward."
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ABOUT THE HOST
Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.
Property FAQs = https://amzn.to/3MWfcL4
Buy To Let: How To Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL
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