The big story is gas, oil and raw material prices right now! You will have seen petrol at 1.80 a litre and diesel in the 1.90s per litre, these are huge numbers, this is the highest we have ever paid! Listen in to this episode to hear Mark discuss the issue and the causes behind what we are seeing on the pumps and in other areas of our life too.

 

KEY TAKEAWAYS

• The parallel to this is the 1973 fuel crisis, Rishi Sunak has been given what went well and what was learnt from this and hopefully will use this information to aid him and the government in making helpful policies for the public.
• Inflation is probably going to go to 10% over the next 12 months, £1 will be 90p. This means the banks will have to increase interest rates, will we see a repeat of double digit interest rates of the 70s?
• Is this national insurance rise, actually more of a political statement rather than actually helping?
  
  

BEST MOMENTS

“This is all going to push prices up significantly which will lead to inflation”

“Who needs repayment mortgages when you’ve get inflation at 10%, there is always a silver lining”

VALUABLE RESOURCES

https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/

 

ABOUT THE HOST

Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.

CONTACT METHOD

 

Email: [email protected]

LinkedIn: https://www.linkedin.com/in/markhomer1

Facebook: https://www.facebook.com/markprogressive

Twitter: https://twitter.com/markprogressive

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