fixed rates are good for your peace of mind BIGMAN but id advise a 3 yr tracker, as the economy slows interest rates will slowly be cut ,getting the best deal in mortgage terms usually means tryin to read the markets and not getting tied in for too long
ps dont read too much into the high oil price as 70% is tax which buisness claims back so in real terms only transport costs have risen significantly which hit profits but reduce tax burdens, so inflation shouldnt rise due to oil and the extra tax that mr brown and co get will be injected back into the economy (ie bank bail outs )at the rate they think will stabalise house prices,bank lending etc