174) Damien Talks Money - Navigating the Complex World of Money in 2023
CamBro Conversations
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Impact of Rising Interest Rates
This chapter examines the effects of the Bank of England's interest rate increase on borrowing costs for individuals and businesses, leading to decreased investment and lower company valuations. It also highlights the financial strain on consumers, especially lower-income groups, as rising rates contribute to greater challenges in managing debts during economic downturns.
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