BBCNEWS The Context with Christian Fraser June 4, 2024 21:02:00
Price and this is heading towards the cost of living crisis and we have an environment as a response to this high inflation, there was a tightening of monetary policy by the bank of england and in the uk, this fits quickly into mortgages because a lot of mortgages are adjustable rates and so, a lot of with mortgages are saying an increase in their mortgage payments. in its previous forecast published last october, the imf expected the uk to grow by 0.3% in 2023, better than some other advanced economies. now it's expecting it to contract by 0.6%. the uk chancellorjeremy hunt said the imf�*s ...