Households enjoying £16bn boost thanks to high interest rates, says think tank
by Vicky Shaw
Jan 05, 2024
2 minutes
![](https://article-imgs.scribdassets.com/1q29hwewwbv1ssu/images/file2EBNP3HC.jpg)
Households have received a £16 billion boost from higher interest rates, helped by “forced” saving during the coronavirus pandemic and trends in the mortgage market, a think tank has calculated.
But the boost has not been felt evenly by households across the UK and it could also be significantly unwound this year, presenting a fresh living standards challenge, the Resolution Foundation said.
You’re reading a preview, subscribe to read more.
Start your free 30 days