Life Below Zero

Despite mixed messages over the past few weeks, it sounds as if the Bank of England is considering taking UK base rate interest below 0% in order to give itself and the Chancellor more headroom for measures intended to restart the economy, and then keep it going, as we start slowly to come out of lockdown and other fiscal measures, such as the furloughing scheme and government-backed loans for small businesses, come to an end. The general economic consensus is that for various reasons like Brexit, global recession, semi-permanently low oil prices, the need to over spend to "level–up" inflation will be almost non-existent and although the government will need and is willing to borrow its way through this, bond rates will remain low to zero and below. If we do see UK base rate going below zero then what would that mean for real estate contracts?

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