UK in Deep Trouble
The United Kingdom is in the grips of a Crisis as GDP falls and prices rise. The combination of Brexit and Rising Market Prices has caused Inflation to Soar and resulted in 14 consecutive Interest Rate Rises. This is now causing major problems in the economy and as Inflation is at 6.7% and Interest Rates have risen to 5.25%. Birmingham City Council, the 3rd largest City in the UK, declared itself BANKRUPT in September and it has now been revealed that 30% of all Councils are facing BANKRUPTCY due to the HOUSING CRISIS which has left over 100,000 families HOMELESS. More Interest Rate Rises are likely and as the majority of mortgages are fixed for less than 5 years this is going to cause massive problems in the housing market. In this video I look at the current situation and what is likely to happen over the next 3 to 6 months.
Chapters:
0:00 Intro
3:48 INFLATION
5:51 FOOD & ENERGY INFLATION
8:52 INTEREST RATES
11:07 BRITISH POUND
11:54 TRADE
12:55 UK COUNCILS
14:45 HOUSING CRISIS
19:14 SUMMARY & CONCLUSION
Credit to : Joe Blogs