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UK families are feeling the pinch as mortgage costs escalate, with the fallout from Liz Truss's short-lived mini-budget hitting hard. The dream of a summer getaway is dwindling for many Brits amidst rising financial pressures.
Current analysis indicates that more than 38,000 households are grappling with hefty hikes in their mortgage repayments, throwing into doubt their ability to afford even modest pleasures. Truss, noted for her brief 49-day stint as Prime Minister the shortest in British history, has nonetheless left an indelible mark on the country's financial landscape.
Gaynor Heys, aged 47 and a fashion industry expert hailing from Manchester, finds herself amongst those wrestling with a meteoric rise in mortgage costs. Following her move to a variable rate mortgage, Gaynor's monthly outgoings have soared by £750, jumping from £1,200 to £1,950.
"My life has become much more stressful since I switched," she disclosed. "I feel like I'm living
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