# Britain’s Mortgage Crisis!

An episode of [Patrick Boyle On Finance](https://invisiblenetwork.ai/podcast/1547740313), 23 Jun 2023, 25 min.

Audio: https://anchor.fm/s/fc0914e0/podcast/play/92761973/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2024-9-8%2F387759722-44100-1-72bc1b884f0bb314.mp3

Send us a textRising mortgage payments are squeezing the finances of millions of borrowers in Britain, threatening to undermine household spending and the broader economy.The dream of a soft landing that would have the Bank of England squeeze out inflation without condemning the country to a recession looks increasingly remote. Inflation has been more stubborn than expected and is forcing the central bank to go with a bigger-than-expected rate hike that took the key rate to 5%.What does this ...

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