There's an interesting piece in the BBC News website which might actually have some truth in it:
Living (literally) on the Welsh borders it has long since amazed me why all of the lovely Welsh lamb is exported to New Zealand and then we import lamb from New Zealand. Give me a leg of Welsh lamb any day (apologies for a non Kia comment).I like a piece of lamb, but the price has reach stupid levels.
That's ok, Alan; it's in the 'Idle Chit Chat' section.apologies for a non Kia comment.
I get all my SaltMarsh lamb, Beef and Pork, black pudding, cured bacon etc from a shop 350 miles away, in The Lake District, shipped down overnight along with a goodly supply of Award Winning Pies of every type. Usually get half of each animal all jointed and ready for the freezer. But I haven’t seen prices go up at all, but then I don’t pay for any of the above, as my sister owns the shop and the farm where the animals are bred. 🤗Living (literally) on the Welsh borders it has long since amazed me why all of the lovely Welsh lamb is exported to New Zealand and then we import lamb from New Zealand. Give me a leg of Welsh lamb any day (apologies for a non Kia comment).
Of course in those days you actually got tax relief on mortgage interest which if you were a higher rate tax payer was quite a substantial discount.The other thing was that lenders had sensible lending policies ( 3 x highest earner and 1 x for spouse) based on realistic house values.I like a piece of lamb, but the price has reach stupid levels. It's not just used car prices, used caravan prices have gone daft and at the same time caravan manufacturers are cutting back on production, which in turn is forcing prices up.
I am old enough to remember the day when we accepted a mortgage with a 14% interest. Are those days on their way back?
I don't know that your wise approach would work with today's younger generation unfortunately.i had endowments taken out in the 80's and 90's when it became known that these were no good. i decided to pay the mortgage off (it make good sense not to pay all that interest) So by having a series of fixed rate mortgages ( remorgaging downwards by paying back lump sum saved each time) i was mortgage free a good 10 years early. to do this i had to work overtime saving the extra money, not decorating or upgrading a perfectly adequate house for a few years,keeping a perfectly functional car instead of renewing. i have had 2 of the three windfall endowment payments (and life cover) and are looking forward to spending the last payment when it comes next year !