Yes, but those interest rates have been affordable. That context of affordability matters. The UK is also basically organised around the profitability of privat

Yes, but those interest rates have been affordable. That context of affordability matters. The UK is also basically organised around the profitability of private home ownership. Its the fundamental basis of the current ruling party's support. Anything that threatens property value and rent yield is catastrophic for the economy (as currently organised) and the current government