From the TUC

Is Cameron right that interest rates are rising?

24 Nov 2009, by Guest in Economics

David Cameron argued in his CBI speech yesterday that interest rates are already facing pressure to rise as Government borrowing crowds out the private sector.  Interesting then to note that, according to Moneyfacts, the average interest charged on a two-year fixed-rate mortagage has fallen below 5% for the first time since June.  (Thanks to Duncan for drawing my attention to this report).

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