Its surprising that people often think of mortgages from just one angle. I am happy if mortgage rates go up to more normal levels, because it means that my savings income goes up as well. There are after all more households without mortgages than with mortgages. Not only that but mortgagees have had it good for 15 years and even now we arent back to normal interest rate levels.
The B of E has only one trick - interest rates. But worry if they donw get inflation under control - the highest previous bank rate was 17% in 1980.
I believe the veg shortages (all gone now I understand) were down to withdrawal of british supplies since we didnt subsidise their energy use, and a bad winter in Spain and N Africa. Nothing to do with Brexit
Boomers eh
They have had the best of the planet, peace time, this country's natural resources (without re investing it), property prices, final salary pensions etc etc. And then they go and inflict the final pain on the following generations with Brexit.
Dragging up 17% interest rates without context of house prices is pointless.
We bought our first house at the age of 20 in 1985 with a deposit that we had saved from our low paid jobs. Within a month of moving in we bought a brand new Ford Fiesta (on the drip) and changed that two years later for a Brand New XR2.
Today, Two 20yr olds doing those types of jobs would struggle to pay the rent (if they could find anything) much less save the 20k deposit for a house.
So far as veg shortages, you aint seen nothing yet. And as far as this countries food production is concerned, it has everything to do with Brexit.
