Base rate may reach 7.5% by Finance News Bulletin

Published: 04/01/08

Bankruptcy is "becoming more and more palatable" to those in serious debt, according to Thomas CharlesThree-quarters of populace in the UK do not appreciate how a one per cent difference in mortgage tax would affect their loan, according to new researchThe base rate may rise to as much as 75 per cent this year in the face of rising price rises, it has been claimed

"A group of Britain's most important monetarists" made the prediction to the every day Telegraph yesterdayThey were speaking after reports lately revealed that inflation breached three per cent in March, requiring Bank of England director Mervyn King to write a correspondence of explanation to the chancellorOne commentator, Tim Congdon - a former lecturer at the London Business School - told the newspaper: "price rises is back and it's going to get to four per cent by the middle of the next year"The news will certainly be of interest to borrowers and anybody who is looking to buy a property, chiefly unparalleled buyers, as an increase in interest rates will have

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