The World in 2024. The NATO-Sphere
The David McWilliams Podcast
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The Impact of Higher Interest Rates on the UK Economy
This chapter explores the effects of rising interest rates on the UK economy, particularly the anxiety and worry caused by increasing rates for people with fixed rate mortgages. It discusses the transition from fixed to variable rate mortgages and how it tightens monetary policy. The speakers also discuss the potential consequences of a recession and the unique aspects of the COVID-19 pandemic's impact on the UK economy.
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