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Anorak | Gordon Brown’s Interest Raised

Gordon Brown’s Interest Raised

by | 18th, April 2007

gordontony.jpg GORDON Brown may have dodged a vote of no confidence in the Commons yesterday, but news that the Bank of England is preparing to increase interest rates as soon as next month is sure to embarrass the increasingly fallible Chancellor.

With inflation breaching the Government’s target by over one per cent last month, homeowners already crushed by debt, are set to take another hit with rates possibly even rising to nearly six per cent.

Mervyn King, governor

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Posted: 18th, April 2007 | In: Money Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink