Introduction

The pound fell to a historic low overnight in asian trading. The cost of government guilts is going to be up the highest monthly level since 19 57, when these records began on ten year guilts imean. Interest rates that are, in historical terms, nothing to write home about, are going to have a big impact on household finances because so many people have really big mortgages. With interest rates this high, it means that businesses will have to spend an awful lot of money to borrow to invest. This podcast is sponsored by draks. Find out more at dracks dot com.