Yes, we know our blog mentioned the possibility of interest rate rises in a post earlier this month but we make no apology for mentioning it again.
Many people will potentially not have considered the effect this could have on their household budget, coming at a time when many other inflationary factors have been thrown into the national blender. VAT has just gone up, wages are set to stay at current levels at best, food and fuel prices are increasing. The price of a litre of unleaded has gone up by 1p in the last 7 days. Government cuts are going to impact and redundancies are on the cards.