Choosing not to pay rent has ended up with the tenant in court. A black mark will appear against their name for many years meaning they will struggle to obtain any form of credit or rent again. They will also have the threat of legal action against them for the next six years, which is ...

Yes of course there will be households who cannot cope, and fall into arrears. There may even be a marked rise in foreclosures. But as Mark Carney, a former governor of the Bank of England, once observed, however hard things get, British households will do almost everything to keep paying their mortgages. That’s why banks ...