There are ominous signs of the markets bracing themselves for [hyperinflation]. An increasing number of mortgage advisers are telling clients to take low five-year fixed deals while they still last.
Oh, come on. I plan to buy a flat in the next couple of months, and I don’t need a mortgage adviser to tell me to go for a low five-year fix while they’re available. Interest rates are at their lowest ever and this simply will not last. I’m not aware of anyone who doesn’t think rates will be back to more normal levels within a few years.
Not everything is proof that Gordon Brown is the worst thing since sliced bread was banned.