We have updated our scenarios, driven from our core market models.
The drivers are rising unemployment, and business failure thanks to the impact of the virus. We discussed these scenarios in our live stream event last night. This is the full version with live chat. The show starts formally at 32 minutes.
We estimate that mortgage stress is set to rise significantly in the months ahead as household cash-flows are interrupted.
Alternatively we have also released a shorter edited version, without chat here:
