Want to create an interactive transcript for this episode?
Podcast: Beyond Currency
Episode: 21 June 2023 - Inflation data confirms more UK rate hikes
Description: An eminent consumer affairs expert in the UK spoke yesterday of how he had warned his clients of the impending mortgage “ticking bomb” as long ago as last Autumn.
He also expressed surprise that mortgage advisors who are now scrambling to find new fixed rate deals didn’t act more proactively at the time.
The Chancellor told Parliament yesterday that the Government was not about to provide support for those who have seen the interest rate on the two-year fixed rate mortgages more than treble in the past three months.
A number of City analysts believe that an unwelcome side effect...