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Watford has a new topic of conversation. I’ve heard it, you will too, in supermarket queues, from parents at school drop off, within families and amongst anyone pausing for a chat in town.Initially a whispered worry, as interest rates and inflation started to rise, it’s now a cacophony. Everyone I know feels the impact on their monthly budgets. Bills outstrip any pay rise.
Rising mortgage rates are solely down to the mayhem their mini-budget caused. It was a calamitous unforced error and self-inflicted wound. Their sums don’t add up. The pound has plummeted and the Bank of England has twice intervened to save pensions as a direct result.
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