With UK households among the most indebted in any major economy,even a modest interest rate increase would have a huge impactBorrowers beware: note Carney’s clear message in his speech at Lincoln cathedral final week was that interest rates may have to rise soon – something anyone who has bought a domestic or taken out a loan in the past eight years will never have experienced.Yet the other sign that came through – aside from some chin-stroking on medieval inflation and the Magna Carta – was that the fragile, lopsided state of the post-crash British economy means the Bank must proceed with great care.Continue reading..., or
Source: theguardian.com