The UK just proved that a sky-high housing market can’t handle high interest rates

A raft of data released last week painted a glaring picture of the UK property market teetering on the brink of collapse following the fallout from Kwasi Kwarteng’s disastrous mini-budget.

The pressure is now on Rishi Sunak and Jeremy Hunt’s new budget plan to restore the UK’s credibility – and convince investors that the Bank of England needs to be less aggressive in raising interest rates to bring inflation back to 2% bring to.

https://www.independent.ie/opinion/comment/the-uk-has-just-proved-that-a-sky-high-housing-market-cannot-cope-with-high-interest-rates-42138107.html The UK just proved that a sky-high housing market can’t handle high interest rates

Fry Electronics Team

Fry Electronics.com is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@fry-electronics.com. The content will be deleted within 24 hours.

Related Articles

Back to top button