Interest rates

If interest rate hikes kill off debt-fuelled consumer spending, they will expose the myth that the economy is fine for what it is: a myth.

Chancellor’s spring statement likely to reignite row about who correctly predicted Brexit impact. Bear in mind Brexit hasn’t happened.

Bank of England has put up rates because inflation is high, not because economy is resilient. Brexit is cutting our potential growth rate.

Brexit-induced inflation has pushed up interest on government debt by £9bn - enough to give every public sector worker a 5% bonus.

Wisely, Hammond and Carney take their time even as UK economy turns down post-Brexit.

Lower rates aren’t a magic cure. They mean a cheap pound and higher inflation. If political turmoil continues, rates may even need to go up.