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Taxes will rise and pension/retirement funds will likely be plundered. In some countries there will probably be a "bail-in" like Cyprus did in 2013. Have you lived a modest, conservative lifestyle to build a nest egg? Have you been fortunate and/or worked hard? "Thanks, we'll take that."
2020-12-03 | Rishi Sunak warns over UK debt pile risk if interest rates spike | Daily Mail Online
"He cautioned that no-one had a 'crystal ball' to say what inflation and interest rates will do.", "I think no one has a perfect crystal ball about which way interest rates and inflation will move. 'And obviously, we're much more sensitive to changes in those rates.", "Rishi Sunak has delivered another strong hint that tax rises are on the horizon as he warned the UK's huge coronavirus-fuelled debt pile could be a disaster if interest rates rise."
'Borrowing is expected to hit £394billion this year as the economy shrinks by 11.3 per cent - the worst recession in more than 300 years. '
'Treasury watchdog the Office for Budget Responsibility gave a grim picture of the hit from the pandemic last week. '
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[–] Hayride ago
Taxes will rise and pension/retirement funds will likely be plundered. In some countries there will probably be a "bail-in" like Cyprus did in 2013. Have you lived a modest, conservative lifestyle to build a nest egg? Have you been fortunate and/or worked hard? "Thanks, we'll take that."
[–] patriot2008 ago
Tax raises means bigger government. When you run out of taxpayer money the left has reached its goal of total control.
[–] derram ago
https://archive.ph/wip/OA9OQ :
"He cautioned that no-one had a 'crystal ball' to say what inflation and interest rates will do.", "I think no one has a perfect crystal ball about which way interest rates and inflation will move. 'And obviously, we're much more sensitive to changes in those rates.", "Rishi Sunak has delivered another strong hint that tax rises are on the horizon as he warned the UK's huge coronavirus-fuelled debt pile could be a disaster if interest rates rise."
'Borrowing is expected to hit £394billion this year as the economy shrinks by 11.3 per cent - the worst recession in more than 300 years. '
'Treasury watchdog the Office for Budget Responsibility gave a grim picture of the hit from the pandemic last week. '
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