hardest, even though we have seen benefits wise, the minimum wage rise, economists calculate if you take into account inflation and also tax changes, they may be up to 15% worse off than they were prior to the pandemic. the average person is 5% to 10% worse off, if you are a borrower typically aged between 30 to 60, higher mortgage bills, you are going to feel an extra hit on top of that. those in the northeast, worst affected, those in london, most are shielded. there are other winners. if you are older, a saver with a generous pension, you may not be worse off at all. for the rest of us, the question when is this going to get better? i m afraid to say economists say it may take a couple of years, hence the pressure is on on all politicians in the run up to the election, people will want to know how, when, are you going to make us better off? make us better off? dharshini, thanks very make us better off? dharshini, thanks very much. the mayor of the west midlands has
year s time and that s without the economy falling into recession but it doesn t mean to say it easy for families who are facing higher mortgage bills and will continue to do what we can to help households and that s very much the thrust as well from the labour party, the opposition, the shadow chancellor rachel reeves saying this latest rise will be incredibly worrying for households across britain already struggling to make ends meet. the tory mortgage bombshell is hitting families hard but a typical mortgage holder is now paying next £220 a month when they go to remortgage and responsibility for this crisis lies at the door of the conservatives who have crashed the economy. lets talk more about this. let s talk to sally mitchell a business manager & senior mortgage broker at the mortgage mum. we are getting some political reaction already, sally, but can you take a slew for someone who has a mortgage in this country, what today means? ~ , ., mortgage in this country, what today