Interest Rates Cause Biggest Concern - August 26, 2007
Some recent research has shown young brits are most likely to be scared of interest rate rises than any other financial aspect. ICA carried out some studies on behalf of IF showed around 40% of 18-24 year old britons are worried about rises in interest rates and another 10% are very worried about debt management pressures.
Interest rates are currently at 5.75% and are set to rise as the BoE attempts to slow inflation and cut borrowing.
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