UK Interest Rate Rise and Recession - my non corporate view of it all

The Bank of England raises interest rates by 0.75percentage points to 3% - the biggest hike since 1989. Also indicated that the UK will be in recession for 2 years or maybe longer what does it all mean to the average Joe Public and also so we try to dissect some of their predictions and look into how this could be realised. To contact Payam for advice Mortgage products after today's Interest Rate Rise and Recession news please click here https://www.nicheadvice.co.uk/contact... 👨💻 FOLLOW THE COMPANY ► Official Site: https://www.nicheadvice.co.uk ► Instagram: https://www.instagram.com/nicheadviceuk ► Facebook: https://www.facebook.com/nicheadviceuk ► Twitter: https://twitter.com/nicheadviceuk ► Linkedin: https://www.linkedin.com/in/nicheadvice/ ► Tiktok: https://www.tiktok.com/@nicheadvice #RateRise #UKInterestRate #Recession THINK CAREFULLY BEFORE SECURING DEBTS AGAINST YOUR HOME OR PROPERTY. A mortgage or other loan secured against your home or property may be repossessed if you do not keep up repayments, or if you do not repay it at the end of the term. If you are thinking of consolidating existing borrowing, you should be aware that you may be extending the term of the debt and increasing the total amount you repay. Niche Advice Limited is a mortgage and credit broker, not a lender, and does not lend money directly to clients. Niche Advice Limited is authorised and regulated by the Financial Conduct Authority. FCA Firm Reference Number: 750263. The Financial Conduct Authority does not regulate every mortgage or secured finance product. Commercial mortgages, business buy-to-let mortgages and some bridging finance are not normally regulated by the Financial Conduct Authority. Consumer buy-to-let and regulated mortgage contracts are treated differently, and the protections available to you depend on the product, the borrower, how the property is used and your circumstances.