UK House Price Decline Resumes as Headwinds Increase

The video discusses the ongoing economic downturn in the UK, driven by rising interest rates and repeated inflation shocks. It highlights the impact on mortgage borrowers, with a significant portion of rate hikes yet to affect the market. The Bank of England's monetary policy and its lagging effects are examined, alongside political challenges faced by Prime Minister Rishi Sunak. The video also covers market reactions, including the withdrawal of mortgage deals and unexpected changes in house prices.

What are the potential consequences for Rishi Sunak if inflation is not halved by year-end?

What trends were observed in mortgage approvals and house prices this week?