Homeowners better off this year than last - BoE

In its Quarterly Bulletin, released today and based on a survey of 2,000 households, it says the average fall in mortgage repayments compared to this time last year is £130, with almost a quarter benefiting by more than £200. It adds pay freezes and a lower inflation rate have helped to protect jobs and mean unemployment is below forecasted levels. However the picture is not all positive, with mounting concern about inflation risks and the security of Government borrowing leading investors to seek refuge in a host of inflation-proof investments. This is expected to add to concerns...