NewsBot
06-Jan-24, 23:40
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:
Changing Mortgage Preferences And Pandemic Saving Have Helped Uk Households Gain An Unprecedented Income Windfall From Rising Interest Rates
https://caithness-business.co.uk/image_cache/na22427_tn.jpg
Changes to the UK mortgage market and improving household balance sheets, including ‘forced saving' during the pandemic, have helped to deliver an unprecedented £16 billion household income boost from higher interest rates, according to new research published on Friday 5 January 2024 by the Resolution Foundation. The latest Macroeconomic Policy Outlook examines the impact of the Bank of England's recent rate-rising cycle between December 2021 and August 2023, when interest rates increased from 0.1 to 5.25 per cent, on household balance sheets and incomes. [Read Full Article (https://caithness-business.co.uk/article/22427)]
Changing Mortgage Preferences And Pandemic Saving Have Helped Uk Households Gain An Unprecedented Income Windfall From Rising Interest Rates
https://caithness-business.co.uk/image_cache/na22427_tn.jpg
Changes to the UK mortgage market and improving household balance sheets, including ‘forced saving' during the pandemic, have helped to deliver an unprecedented £16 billion household income boost from higher interest rates, according to new research published on Friday 5 January 2024 by the Resolution Foundation. The latest Macroeconomic Policy Outlook examines the impact of the Bank of England's recent rate-rising cycle between December 2021 and August 2023, when interest rates increased from 0.1 to 5.25 per cent, on household balance sheets and incomes. [Read Full Article (https://caithness-business.co.uk/article/22427)]