Compelling evidence about the state of fragility in the UK.
Because of increased cost of housing and cost of living, any increase in interest rates will have a bigger impact than in 70s even when interest rates were 14%!
A glance at the BOI UK Interest rates today feels shocking.
Some of the financial decisions I made regarding my housing costs feel quite reassuring at this stage and I empathise greatly with those who are either remortgaging or have lost their jobs, or both!