Britain | In a fix
Britain’s mortgage market is adjusting to higher interest rates
But it will be a painful process for existing and wannabe homeowners
“A little turbulence” is how Kwasi Kwarteng, the chancellor of the exchequer, later described the effects of the now-notorious “mini-budget” which he delivered on September 23rd. In the housing market Mr Kwarteng has unleashed a bonanza of bumpiness.
This article appeared in the Britain section of the print edition under the headline “In a fix”
Britain October 8th 2022
- A chaotic conference fractures Liz Truss’s young premiership
- Britain’s mortgage market is adjusting to higher interest rates
- Britain’s fiscal watchdog is caught up in a political storm
- A £4m scheme to bring Latin into British state schools begins
- British cities have far too little power, and it’s holding them back
- Liz Truss turns to accidental austerity
From the October 8th 2022 edition
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