The Bank of England Lays a Bear for Homeowners

The Bank of England revealed just how much extra homeowners will be paying on their mortgages as a result of successive rate hikes. Despite the economy so far proving resilient, it says uncertainty persists with a full impact of hikes yet to materialize. Simon Hooper: We're caught in this sort of vicious circle of interest rate expectations. I've said the worst, but I think we're probably a peak panic now. And then peak and then peak panic just keeps keeps going.