Week in the UK. Good or bad

On Thursday, we've learned another grave news about British economic from National Institute of Economic and Social Research. 1.2 million UK Households Insolvent This Year as a Direct Result of Higher Mortgage Repayments .  UK households are about to be hit by yet another shock as a result of the Bank Rate rising to 5 per cent, and by the end of 2023 more than a million households (4 per cent of all UK households) will run out of savings because of higher mortgage repayments, taking the total proportion of insolvent households to nearly 30 per cent (around 7.8 million), according to the latest research by the National Institute of Economic and Social Research (NIESR). With the Bank Rate rising at their fastest pace since the Bank of England gained independence in 1997, millions of households will be affected by higher mortgage repayments. A significant proportion of the population will see their savings wiped out because of the rise in interest rates and thus higher mortga...

 On Tuesday, the Bank England economist told everyone that British households and businesses “need to accept” they are poorer and stop seeking pay increases and pushing prices higher.   I'm not sure, if that was an implicit message for stirring more discontent. Yet, people started pointing fingers. The most liked comment on Reddit runs, "To be more specific, tories made them poorer." Brexit was on the second place to be blamed for. "Britons need to accept that brexit has made them poorer, only then can we start have serious discussions about if it was worth it and what sort of future relationship we want with the EU." "To be specific Tories + UKIP + Brexit Party + Reform UK made them poorer. Don’t let the shits like Richard Tice, Nigel Farage and Aaron Banks off with this."  On Tuesday, we also learned that government strengthened plans to tackle sewage after Labour pressure . Targets to eliminate sewage dumping in England’s rivers by 2050 will ...