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The United Kingdom is in the grips of a Crisis as GDP falls and prices rise. The combination of Brexit and Rising Market Prices has caused Inflation to Soar and resulted in 14 consecutive Interest Rate Rises. This is now causing major problems in the economy and as Inflation is at 6.8% and Interest Rates have risen to 5.25%. Birmingham City Council, the 3rd largest City in the UK, has declared itself BANKRUPT and cannot continue to pay for essential services. More Interest Rate Rises are likely and as the majority of mortgages are fixed for less than 5 years this is going to cause massive problems in the housing market. In this video I look at the current situation and what is likely to happen over the next 3 to 6 months.

For specific details please check out the CHAPTER list below.

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Chapters:
0:00 Intro
3:05 BIRMINGHAM
5:41 HOUSING
10:01 PMI
12:01 INFLATION
15:05 FOOD INFLATION
17:03 INTEREST RATES
18:12 GDP
19:53 SUMMARY & CONCLUSION

#uk
#unitedkingdom
#brexit
#ukraine
#russia
#inflation
#GLOBALFINANCIALCRISIS
#RUBLE
#SWIFT
#RECESSION
#CHINA
#USA
#NATO
#WW3
#WORLDWAR3