In terms of peoples lives, yeah, those that have had fixed rates come to an end or credit card balances etc. People will blame that on the government but it’s nothing to do with them really
It was another reason why I thought Sunak might wait as rates should reduce a bit during the year. Todays inflation numbers, whilst good, were higher than expected so many commentators think cuts might be delayed further. I personally think BoE should be cutting as I reckon, to some extent, the higher rates are now part of the cause of inflation/it’s stickiness but that’s a whole different discussion.