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Observer: Gordon Will Struggle To Resist World Trend In I R Hikes

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Jeremy Warner's Outlook: Try as it might, Britain will struggle to resist global trend towards higher interest rates

Published: 03 May 2006

Nobody expects the Bank of England to raise interest rates when the Monetary Policy Committee concludes its two-day monthly meeting tomorrow, but it can at least now safely be said that the contrary prospect of a cut has faded into the indefinite future. As things stand, it is much more likely the next move will be up, quite possibly as soon as only months away.
The view that we in Britain could have falling interest rates at a time when virtually everyone else is raising theirs always did to me seem a little suspect. The only way of rationalising such a perspective is on the basis that we were a lot further forward in the cycle than everyone else. Yet ,perhaps regrettably, the time when domestic economies could forge along, ploughing their own distinctive furrow regardless of what was happening elsewhere, is long since gone.


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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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