Some 1.4 million mortgage holders will see their disposable income fall by more than 20%, a think tank says.
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Experts believe 'boycott fever' will grip the US ahead of the 2024 presidential elections.
Investors are now questioning whether the Bank is in full command over soaring prices.
Some claim leaving the EU may be to blame for the UK's stubbornly high inflation, but it's a complex picture.
Prices continue to rise much faster than expected, with UK inflation remaining at 8.7% in May.
The Indian prime minister met Mr Musk on Tuesday during his three-day state visit to the US.
The company offers deliveries, rides and financial services in eight countries in Southeast Asia.
More than 200 firms face penalties and must repay workers after breaches hit 63,000 people.
The World Bank says many years of financial support are needed as London hosts a major conference.
Homeowners say they are scared for the future, with no end to the mortgage crisis in sight.
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