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Wednesday, 7 November 2007

A mortgage or petrol?


Strange that a subject which caused major protests, endless column inches and discussions in Parliament not so long ago (petrol at £1 a litre) seems to have slipped through with little comment whatsoever with oil hitting $100 a barrel and petrol back to 99.9p a litre this week.

All I can put that down to is the focus on mortgage rates, sub prime crises in the US and the much anticipated credit crunch.

Does this mean people were over reacting to the first petrol price crisis? If your mortgage is increasing by £200+ a month an extra £5-£10 to fill your car perhaps does not seem to be as big an issue as it was last time.

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