A run of 14 consecutive interest rate rises has brought worry and financial pain for mortgage holders – but it has also boosted savers’ bank balances.
Millions of people in the UK are both borrowers and savers (while some are one, or neither), so the balance – or imbalance – between the two is important for our money.
Documents published after the chancellor’s Autumn Statement on Wednesday give a fascinating insight as to which way the scales are shifting.
Documents published after the chancellor’s Autumn Statement on Wednesday give a fascinating insight as to which way the scales are shifting.
The trouble is, that is bookmarked by a fall in this disposable income in 2022 and another forecast drop in 2024.
Last year, everyone took a hit from rapidly rising prices. Next year, an estimated 1.6 million homeowners will see their current mortgage deal expire and so will move on to a much more expensive loan.
In short, there is more pain to come.
The OBR’s view is a forecast, and it may ultimately prove to be wrong, but the OBR is the official body that marks the Treasury’s homework and its predictions carry significant weight.
A run of 14 consecutive interest rate rises has brought worry and financial pain for mortgage holders – but it has also boosted savers’ bank balances.
Documents published after the chancellor’s Autumn Statement on Wednesday give a fascinating insight as to which way the scales are shifting.
Millions of people in the UK are both borrowers and savers (while some are one, or neither), so the balance – or imbalance – between the two is important for our money.
The trouble is, that is bookmarked by a fall in this disposable income in 2022 and another forecast drop in 2024.
Documents published after the chancellor’s Autumn Statement on Wednesday give a fascinating insight as to which way the scales are shifting.
Documents published after the chancellor’s Autumn Statement on Wednesday give a fascinating insight as to which way the scales are shifting.
The trouble is, that is bookmarked by a fall in this disposable income in 2022 and another forecast drop in 2024.
Last year, everyone took a hit from rapidly rising prices. Next year, an estimated 1.6 million homeowners will see their current mortgage deal expire and so will move on to a much more expensive loan.
In short, there is more pain to come.
The OBR’s view is a forecast, and it may ultimately prove to be wrong, but the OBR is the official body that marks the Treasury’s homework and its predictions carry significant weight.
#Interest #rates #pain
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