24-06-16, 01:36 AM
One thing which seems to have been avoided is that the EU is what is holding down the interest rates. When you leave the interest rates will have to rise to maintain the strength of pound in the markets. Anyone with a large mortgage will end up paying much more. I remember back in the early paying 11% interest on my mortgage which rose to 18% at one stage in the late eighties, before the EU took control of banking and rate setting which brought it back to a more reasonable 5 to 7%.