Not only would many borrowers feel pain, but the Opposition might well be tempted to seize the chance to pile on the pressure.
Posts Tagged: interest rates
Alex Morton: May should call an general election next spring. Britain’s economic position demands it.
She needs the larger majority that a poll would deliver if she is to achieve her programme at a time of pre-Brexit turbulence.
What stands in the way of the homes, jobs and savings proclaimed on the masthead of this site is not a state that’s too liberal, but one that’s not liberal enough.
The Prime Minister and Hammond must choose between risks.
Both consumer price inflation and higher interest rates are needed.
If interest rates are cut banks may actually start charging to hold cash deposits.
Overall, my advice is not to seek to reduce interest rates yet further which could have contrarian effects.
Every Prime Minister starts out talking about higher productivity but ends up offering more debt and cheap credit. Will this one break the mould?
The Chinese economy is a study in what can happen when stimuluses run out.
Ryan Bourne: Price controls cause shortages, queues, overcrowding, underinvestment and unemployment. And they’re back.
They seem to be more back in vogue with all political parties than at any time since the 1970s.
This year’s payments will surpass the Transport, Home Office, Justice and Energy budgets combined.
The weird but real phenomenon of negative interest rates
Syriza not only wants to cancel Greece’s debts to foreign governments but the debts of individual Greeks to each other.