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2022-08-25

Bob Lyddon writing for Brexit Watch takes us through his assessment of the strength or weakness of the UK banking system, and doesn't like what he sees ...

He suggests that the same risks are playing out now in our domestic banking industry as in 2008 - it's just that we call them by different names.

And yes, it's all about the mortgage market and property valuations. Whilst property valuations exceed mortgage balances, all is well, but when mortgage balances exceed property valuations and people can no longer afford mortgage repayments ...

Worth reading.