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Podcast: Beyond Currency
Episode: 9 June 2022 - Mortgage budgets continue to rise
Description: A further outcome of the Bank of England’s current policy to raise interest rates to try to bring inflation back under control has been its effect on the housing market. There is an entire generation of homeowners who have never had to contend with their mortgage repayments increasing as is being seen currently.
With inflation unlikely to begin to fall in the short term and the current cost of living crisis, households are being forced to cut back in several areas. The knock-on effect of this is a fall in levels of activity on the High Street, which, in tu...