Interest Rates
To understand how the economy impacts your life, it's time to take an interest in interest.
Bank of England Governor Mark Carney has warned that the country is not prepared for a no-deal Brexit and that it faces its worst economic growth in 2019. If a Brexit deal is reached, however, the Bank of England would raise interest rates, which stand at 0.75 percent.
Boring? A bit. Important? Incredibly.
Shadow housing minister says interest rate hike will also heighten risk.
Almost half of homeowners have never experienced an interest rate hike.
Expected but controversial.
Expected but controversial.
Even a small rise could have a dramatic impact on those barely managing.
'May is a walking disaster.'