The grim economic news keeps coming. Yesterday the Bank of England raised interest rates by 0.75 percentage points, its highest single hike in more than three decades. And that was just the start.
The Bank went on to forecast a two-year recession, which would be the longest (albeit not the deepest) continuous contraction in history. Little wonder that with hundreds of pounds being added to monthly mortgage repayments while inflation stays in double-digits, demand for London housing has fallen by nearly half since the disastrous mini-budget according to online housing portal Zoopla.
