To reduce reoffending, prisoners need better support after release | Letter
Source: Guardian Housing โ
Pavan Dhaliwal responds to an article on the early release of prisoners. Plus a letter from someone who works in a menโs open prison Regarding your article (Prisoners thank Andy Burnham as they leave jail in first wave of early releases, 1 October), Michael Bogleโs story should make us ask a bigger question than whether prisoners are being released too soon.
Bogle, 38, has 100 convictions and has been jailed five times.
He told the Guardian that he turned to shoplifting after becoming homeless, in.
โก Effects Interpreter
๐World Economymedium impact
What this means for you
- โถEconomies far from the headline can still catch the aftershocks.
- โถGlobal commerce often shrugs off small shocks, but keeps one eye open.
๐๏ธLocal Economylow impact
What this means for you
- โถEveryday costs in your town may drift as the wider economy reacts.
- โถEveryday essentials could nudge in price as suppliers adjust.
๐ฆRates & Bankslow impact
What this means for you
- โถMortgage brokers often see a flurry of questions after this kind of news.
- โถFixed-rate shoppers might want to compare deals soon.
โค๏ธHealthmedium impact
What this means for you
- โถChecking in on vulnerable neighbours matters when news feels heavy.
- โถSome people feel this news more keenly than others, and that's worth acknowledging.
๐ทWealthlow impact
What this means for you
- โถYour pension or investments might sway a touch as markets digest this.
- โถIt's rarely wise to make big financial decisions purely on breaking news.
๐ Housinglow impact
What this means for you
- โถValuations in the area might need a second look if this persists.
- โถLandlords weighing up rent rises might factor this into the decision.
๐ Effects for your country
The U.S.'s central bank rate currently stands at 3.75%, so a global rates move like this could feed through to local borrowing costs. The U.S.'s economy is growing at 2.3% with inflation at 3.2%, the backdrop this story's effects play out against locally. Housing-market effects like this are usually felt most where mortgage rates track the U.S.'s own central bank rate closely. With the U.S.'s unemployment at 4.4%, personal-finance effects like this land on a labour market that is currently fairly stable. Health-system effects are harder to localise from economic indicators alone โ the real impact in the U.S. depends more on local healthcare capacity than the figures above.
The UK's central bank rate currently stands at 3.75%, so a global rates move like this could feed through to local borrowing costs. The UK's economy is growing at 0.8% with inflation at 3.2%, the backdrop this story's effects play out against locally. Housing-market effects like this are usually felt most where mortgage rates track the UK's own central bank rate closely. With the UK's unemployment at 5.6%, personal-finance effects like this land on a labour market that is currently fairly stable. Health-system effects are harder to localise from economic indicators alone โ the real impact in the UK depends more on local healthcare capacity than the figures above.
France's central bank rate currently stands at 2%, so a global rates move like this could feed through to local borrowing costs. France's economy is growing at 0.9% with inflation at 1.8%, the backdrop this story's effects play out against locally. Housing-market effects like this are usually felt most where mortgage rates track France's own central bank rate closely. With France's unemployment at 7.9%, personal-finance effects like this land on a labour market that is already under strain. Health-system effects are harder to localise from economic indicators alone โ the real impact in France depends more on local healthcare capacity than the figures above.
Romania's central bank rate currently stands at 6.5%, so a global rates move like this could feed through to local borrowing costs. Romania's economy is growing at 0.7% with inflation at 7.8%, the backdrop this story's effects play out against locally. Housing-market effects like this are usually felt most where mortgage rates track Romania's own central bank rate closely. With Romania's unemployment at 6%, personal-finance effects like this land on a labour market that is currently fairly stable. Health-system effects are harder to localise from economic indicators alone โ the real impact in Romania depends more on local healthcare capacity than the figures above.
The UAE's central bank rate currently stands at 3.65%, so a global rates move like this could feed through to local borrowing costs. The UAE's economy is growing at 3.1% with inflation at 2.5%, the backdrop this story's effects play out against locally. Housing-market effects like this are usually felt most where mortgage rates track the UAE's own central bank rate closely. Health-system effects are harder to localise from economic indicators alone โ the real impact in the UAE depends more on local healthcare capacity than the figures above.