From boom to gloom?

Britain has experienced a 30-year wealth boom, driven by record low interest rates, causing unprecedented levels of intergenerational inequality. But this has now been brought to an abrupt end, with the Bank of England embarking on the tightest rate-raising cycle since the early 90s – causing mortgage costs to rise, house prices to fall and pension valuations to crater.

What are the wider economic effects of rising rates and falling asset prices? To what extent might the pinch being felt by middle-aged mortgagors be offset by gains for young perspective first-time buyers and older generations reliant on savings? And with the long-term outlook for interest rates uncertain, should policymakers take action to mitigate the social consequences of Britain’s changing wealth landscape?

The Resolution Foundation is hosting an in-person and interactive webinar – as part of our ongoing wealth across Britain project, in partnership with the abrdn Financial Fairness Trust – to debate and answer these questions. Following a presentation of the key report highlights, we will hear from leading experts on the possible winners and losers from rising rates and falling wealth.

The event will be open for people to physically attend, alongside being broadcast via YouTube and the Resolution Foundation website. Viewers will be able to submit questions to the panel before and during the event via Slido.