Charlie Parker: Good financial planning vital as govt moves to tackle pandemic debt

The Covid-19 pandemic has raised the stakes for both borrowers and savers in the United Kingdom. It has triggered a wave of sharp inflation that is likely to raise interest rates for borrowers, pushing up mortgage costs even as house prices continue to rise. This comes of course as energy prices are also rising and the government's promise of ‘cheap energy deals if we shop around' is found to be hollow as challenger energy providers go bust one by one. These rising costs risk putting young people off making their first move into the housing market for even longer and will force mor...