The era of cheap shopping and cheap loans is coming to an end. The Bank of England is to raise interest rates, and this will make loans more expensive.
Prices will increase by as much as 11 percent this year. Every year. Consumers are appealing to the government to take concrete steps, and the answer to this may be one: an increase in interest rates.
Most experts predict an increase of 50 basis points, or 0.5 percent. It would be the highest increase in 27 years and probably not the last one.
