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Interest rates rise to highest level since 2008 and recession forecast for end of the year

Interest rates at their highest level since 2008 with a recession forecast - Business Leader asked Adrian Anderson to assess what the double economic headwind meant for businesses and property owners with mortgage debt. He set out the cumulative impact of successive rises on lending capacity and advised readers to review all their property-related borrowing arrangements given how dramatically the cost of finance had shifted in a very short period. The piece offered commercially grounded perspective for a business readership.

Extract Published - 4th August 2022

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