By David Craik
The Bank of England is expected to soon raise interest rates. However, according to the Federation of Small Businesses, with borrowing costs for small companies already high, it’s critical that future rate rises are carefully considered and gradual.
It’s been a long time coming but finally reality is catching up with the experts” who have been insisting that pension fund managers find the money to stuff their portfolios with more and more bonds to address so-called actuarial deficits.
A survey of British business leaders has revealed that over a third would like to see a Brexit reversal over any other growth stimulation technique.
Our January 2018 economic statistics piece places much emphasis on the UK’s growth rate compared to that of other G7 countries and takes a look at why the Bank of England’s interest rate hike may not have been a “one and done” affair.
Andrew Sentance’s prediction came true. The PwC economic adviser maintained last month that interest rates were to rise a matter recently confirmed by Bank of England governor Mark Carney. We take a closer look in our October 2017 economic statistics piece.
When the Bank of England and governor Mark Carney cut interest rates to an all-time low of 0.25 per cent it was an admission that a storm is here – and it might be here to stay.
By David Craik
It is time to start thinking differently about interest rates.
