Tag Archives: UK Economy

Bank of England tempers rate hike scaremongering

A vocal lobby has for a while argued that ultra low rates in the UK (and worldwide) have penalised conscientious savers, forced them into riskier investments and fuelled property prices. Now a Bank of England (BoE) report has got some of the press, and politicians across the political spectrum, hot and bothered about the impact of BoE rate hikes on households’ spending and debt-servicing ability. Read more