Targeted in place already. Banks need to make sure that if someone comes to them to say i was struck with my mortgage this month because it has gone up by a massive amount thanks to Interest Rate rises and looks set to increase again tomorrow, those banks need to tell customers, we can sort you out with a mortgage holiday, an extension to your term it or even shifting temporarily to an interest only mortgage. Those are things that banks have the power to do. And supermarkets play such an important role, we have seen 26 inflation in the last four years in the food industry, so if supermarkets can move the budget ranges they have an out of into convenience stores, that would help people. Would help people. Research also found that people would help people. Research also found that people werent would help people. Research also i found that people werent optimistic that their situation would improve. What have you learned about what the trends could be Going Forward . I join them and that
trends could be going forward? i join them and that is, i am not particularly optimistic. we haven t even seen half of the mortgage rise impact come through as people are slowly starting to shift off fixed term deals on mortgages as they start to expire, so the average person remortgaging next year will have to find on average £2900 more in the budget to pay the mortgage they have had for years. on top of that, we are in the summer time and people are struggling with energy bills, which are twice what they were before the pandemic, come winter, if the temperatures drop funk on the people need to put on their heating have the lights on, they will see higher energy bills as well. not that far off what they were last winter, potentially, thanks to the withdrawal of all government support. it is right that people are feeling worried and feeling worried about the entire