We just need to hold our nerve. That was Rishi Sunak’s message to the country over the weekend. Time to remind us Brits to rediscover our inner stiff upper lip. To shrug off the increased, unaffordable mortgage repayments. To laugh as wage rises fail to keep pace with inflation. To quote Kipling as debt rises to more than 100% of GDP.
Easier for some than for others. If, like Sunak, you don’t have a mortgage then maybe you can feel detached about interest rate rises. Perhaps even be secretly pleased that you might be getting a healthier return on your multimillion-pound investments.
