Just in case you thought lower inflation has eased the cost of living crisis, spare a thought for the 1.6m households that during then next nine months will see their cheap fixed rate mortgage deals end & be shifted to new mortgages with (often) up to three times the interest rate (and associated payments).
The BoE shows little sign of recurring rates so their sado-moneterist aim of causing workers pain to disciple them will continue; 'if its not hurting, its not working'
#inflation #economics
Emeritus Prof Christopher May /
npub1hr…f2ktj
2024-04-21 11:09:51
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2024-04-21 11:09:51Event JSON
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