Daily Briefing: The Bank of England has unveiled its steepest interest rate rise in 33 years, as it warns that the UK is set to endure the longest recession since the great depression.
Neil Collins’ Notebook: Andrew Bailey’s tough gig, mortgage trust’s value tumbles, and do ya wanna buy some cheap oil?
Home buyers are likely to face the headwinds of higher mortgage rates, squeezed living standards, and higher taxes in the next two years.
Neil Collins’ Notebook: In practice, the rate rise in borrowing costs will have very little impact outside the money markets.
It is the Treasury and the universities – not the boomers – who have stolen the young’s inheritance.
Subscribe to Reaction and receive unlimited access to the site, our daily email with analysis every evening and invites to online events.
© Copyright 2022 Reaction Digital Media Limited – All Rights Reserved. Registered Company in England & Wales – Company Number: 10166531.
