SIMON LAMBERT: We've been told interest rates will stay lower for longer, so could a chaotic Brexit really see them hit 4%?
The interest rate rise last week was no surprise.
Unlike previously hotly-tipped rate rises that came to nothing, the Bank of England did nothing to dispel expectations in the run-up to the decision.
That banks have hiked mortgage rates by more than savings rates shouldn't come as a shocker either.
We long ago learnt that the explicit and implicit public support that kept banks and building societies intact through the financial crisis will never be properly repaid.Read Full Article