A rapid interest rate rise seems inevitable – and households are expected to pick up the tab
Phillip Inman's Guardian Viewpoint column argues a rapid Bank of England rate rise is inevitable, possibly as soon as the 17 December meeting, with households picking up the tab through costlier mortgages and loans. Citing Huw Pill's comment that more than one rise is almost certain, he blames runaway public projects like the £11bn lower Thames crossing and £3.7bn consultant spending for fuelling inflation, and urges the public sector to push back.
