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True, but for most people who are currently on rates between 3-5% it won't double their repayments.

The stock exchange is all relative though. If they are expecting it to be very shit and its only a bit shit, then stocks should go up.

Does anyone know what the effect has been on prices in Brighton and Hove?

Here is the full text of an article from the FT House prices in September fell by a record 3.6 per cent month-on-month according to a closely watched index, although economists cautioned against reading too much into what can be a volatile measure, particularly when turnover is low. According...