Saturday June 6, 2020

Blair resignation overshadows further interest rate increases

Given the blanket media coverage which greeted the announcement of Tony Blair’s resignation last Thursday, many British and Northern Irish homeowners could be forgiven if the first they hear of the latest hike in interest rates is when additional sum

12th May, 2007

Given the blanket media coverage which greeted the announcement of Tony Blair’s resignation last Thursday, many British and Northern Irish homeowners could be forgiven if the first they hear of the latest hike in interest rates is when additional sums disappear from their bank accounts in the coming weeks.

The Bank of England’s Monetary Policy Committee (MPC) decided to increase rates by 0.25 per cent to a six year high of 5.5 per...

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