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it also clearly shows that a small rate rise can have a massive effect - so ther'e no need to look towards 10% SVR.

i just said they'd use it as an excuse to raise - and looky looky.

i saw it the other way Michael - if they can afford higher prices then they can afford higher rates. wealth confiscation - don't put your money into your home, pay us more interest. still, i still call the last few rises a stern shot across the bow with a big shell.