Another Rate Rise Looms

Gordon Brown has put homeowners and businesses on notice that the cost of borrowing is almost certain to go up again before the end of the year.

He has told the annual meeting of the International Monetary Fund that the Bank of England must keep inflation in check as Britain’s economy continues to grow.

The Chancellor’s comments all but confirm expectations that the base rate of interest will be raised again in November, putting it at its highest level for more than five years.

Sky News: Brown Warns Of Dearer Home Loans

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