The governor of the Bank of England today has announced that interest in economics will remain stagnant for the rest of the year. This could have repercussions for people’s mortgages and savings as people continue to pay little to no attention to how global financial affairs affect the amount of money that enters and leaves their bank account. This news has arrived among quashed suspicions that the Bank of England would rise interest rates. There were fears that if interest rates rose, mortgages could become even more unaffordable than they currently are, meaning that those who had no hope of ever joining the property ladder would continue to have no hope of ever joining the property ladder. Furthermore, those with no savings due to wages consistently not rising with inflation would continue to have no interest in their non-existent savings.
More on this as the story develops.