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Mini-Budget ‘moneybomb’ fallout revealed

Mini-Budget ‘moneybomb’ fallout revealed

Bank of England mortgage data reveals impact of Truss premiership

The Standard · Rachelle Abbott

November 29, 202211m 15s

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Show Notes

It’s been two months since the disastrous mini-Budget masterminded by Liz Truss and Kwasi Kwarteng.

They'd hoped it would boost growth, but the announcement actually sent the money markets spiralling after multi-billion-pound losses for the Treasury were revealed.

Now, its true impact has been revealed in new Bank of England mortgage borrowing data - but what does 2023 hold for homebuyers?

Insight with ES business editor Jonathan Prynn.


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