Fintech Insider Podcast by 11:FS cover image

668. News: UK mortgage market in meltdown

Fintech Insider Podcast by 11:FS

00:00

I Think the Market Reaction Goes Beyond Just Mortgages

The market reaction to the new Chancellor's mini-budget on Friday has really tanked the pound. The Bank of England then had to step in, start to buy up those government bonds because they were genuinely concerned about what they called a material risk to pension funds. This goes beyond mortgages and I suppose really starts to underscore the scale of the problem.

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