Britain’s Mortgage Crisis!
![Britain’s Mortgage Crisis!](https://www.podcastworld.io/podcast-images/patrick-boyle-on-finance-8knnxfwb.webp)
Rising mortgage payments are squeezing the finances of millions of borrowers in Britain, threatening to undermine household spending and the broader economy.
The dream of a soft landing that would have the Bank of England squeeze out inflation without condemning the country to a recession looks increasingly remote. Inflation has been more stubborn than expected and is forcing the central bank to go with a bigger-than-expected rate hike that took the key rate to 5%.
What does this mean for British housing affordability?
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