Mortgages Risk Abrupt Closing of UK Housing Market : Jim O'Neill

The transcript discusses the potential issues arising from banks pulling mortgages in the UK, highlighting the possible impact on the housing market, especially for lower-income individuals. It emphasizes the need for policymakers to carefully consider their actions and aspirations, as the current market environment may not support their economic goals.

What should the PM and Chancellor consider regarding the current economic situation?

What does the speaker suggest about the current state of the markets?