Looking for a rise in interest rates?

A survey by moneysupermarket.com has found that 41% of Brits would like to see a rise in the Bank of England’s base rate so they could get a better return on their savings.  A further 11% want the rate to go up in order to bring inflation under control.

However, 23% don’t want the base rate to increase as it means their mortgage payments will go up and 24% think a rate rise would damage the economic recovery.


Source:  Credit Action October 2011 edition

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s