Financial Times - Spring Statement: what’s in it for investors and householders?
The Financial Times reports: "While the chancellor highlighted the support he was giving to many hard-pressed households, the reality is that most people will suffer a financial battering in the coming years as the UK suffers the toughest squeeze since the aftermath of the second world war."
Aaron Strutt, product director at broker Trinity Financial, told the Financial Times that banks’ funding costs are on the rise. “Some lenders have told us their two-year fixed rates are lower than the cost of funding them.
“There is an expectation that mortgages will get much more expensive sooner rather than later and we are already getting used to seeing more significant rises.”
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