Summary As UK’s bank rate hits a 13-year high, its impact reverberates through the economy, with disposable incomes shrinking and inflation spiralling. Amidst this, debates rage on the true culprits behind soaring inflation. We present an incisive analysis of the UK’s economic landscape, from the plight of mortgagors and renters to the potential pitfalls of […]
According to the Bank of England, the availability of mortgages declined dramatically in the three months ending May 2020 – implying a bigger credit squeeze than in the worst three-month period of the global financial crisis.
The chart demonstrates that especially among first time buyers, homeownership is still struggling in the wake of the recession, far from its 1980s peak. However, ….