The Bank of England's Monetary Policies to Deal With Inflation

The Bank of England and the government did nothing to try to rein in house prices when mortgage rates were so artificially low with those post financial crisis lows. The people who could buy and wanted to buy, they bought. You would have been better off with the old system that our parents' generation had in the 80s where they'd only lend you a certain multiple of your salary. If we'd have stuck with multiple of salary lending, we'd never have had the same problem that we have now. That was not the signs of an economy that needed interest rates at 0.1%.