'Kwasi's mini-budget was a fantastical nonsense from the twilight zone.' - mikedailly
Borrow billions to give to the rich and make life more costly for those struggling to make ends meet in a cost-of-living crisis.Mr Kwarteng had plenty of hubris but little else as he tanked the economy and sterling.
All eyes are now on the next BoE’s next base rate rise in just two weeks’ time. We had a half a per cent rise in September to 2.25%. Analysts are now predicting a rise on November 3 by 0.75 to 1%.edge. There are 11 million household mortgages in the UK. Roughly 7.18m are fixed rate, but we know as many as two million households are coming to the end of their cheap deals.
They can obtain free money advice at sites like debtnavigator.scot and look at debt solutions but if their mortgage is ultimately unaffordable then we are looking at a surge in mortgage repossessions over the coming year.
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