You are reading a single comment by @villa-ru and its replies.
Click here to read the full conversation.
-
IANAE but there would have been many of the same pressures on the housing market (and cost of living etc) but the mini budget made it much much worse because all the govt borrowing suddenly became much, much more expensive. So mortgage rates went up by a huge amount very quickly rather than more steadily as previously forecast.
So yes, you are probably right.
villa-ru
What I can't get a handle on is whether this was baked in if Truss hadn't happened. I.e. Without Truss / Kwarteng would we still today be facing these same stats or did the mini budget just make whatever would have happened (say a 5% reduction instead of 9%) worse because it cost government credability.