Interest rate rises – is Britain ready?

The decision to hold rates now came with heavy caveats that a rise is likely in May to tackle inflation. With global growth driving UK economic recovery and some evidence of wage growth, The Bank of England expects that bigger and more frequent (than anticipated) hikes may be required to tackle pesky inflation that refuses to settle.

And experts believe the country is ready to handle it, with all the evidence pointing to consumers ready to borrow to spend rather than reducing debt.

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The value of investments can go down in value as well as up, so you could get back less than you invest. It is, therefore, recommended that you seek full, personal advice in respect of your needs where all appropriate risks will be explained.