UK Households Face Triple Squeeze as Borrowing Costs, Energy Bills and Inflation Fears Mount

The UK economy is being squeezed from three directions at once: borrowing costs at their highest since 2007, energy bills set to jump again this autumn, and consumer confidence crumbling to a three-year low. Global forces — from Iran-driven oil prices above $100 a barrel to surging bond yields — are flowing straight into British living rooms via higher mortgages and rising inflation expectations.

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• UK Borrowing Costs: Two-year fixed mortgage rates hit...