Spiralling interes rates have caused wealth to tumble by £2 trillion, says think tank – but says young people could still be ‘winners’ if house prices fall
The jump in interest rates
has wiped more than 2 trillion pounds off household wealth in
Britain over the last year due to the fall in house prices and
the value of bonds which has hit pensions, a.
The surge UK interest rates aimed at cooling elevated inflation has slashed the nation s household wealth made up mostly of home ownership and pensions, a study showed Monday.
Household wealth.
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