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Joined 1 year ago
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Cake day: October 6th, 2023

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  • I think their decision was influenced by the most recent budget. With business costs rising due to the national insurance increase, banks are anticipating that inflation will fall less quickly, as costs could be passed on to consumers. This is compounded by government spending increasing which also has the potential to have an inflationary effect.

    Given this background it is not inconceivable that BoE might need to raise interest rates again and this means the banks need to keep their fixed rates high to cover the risk of people locking in rates that turn out to be too low.








  • steeznson@lemmy.worldtoLinux@lemmy.mlBest Distro
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    7 days ago

    I use Gentoo and I love it. The installation process is a bit more complex than Arch but it doesn’t have to be if you choose the precompiled kernel.

    The package management is extremely flexible and the community are great. I have a morning routine where I log onto my gentoo desktop before work and update everything; would compare it to raking one of those miniature buddhist sand gardens. Very theraputic!