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    There is widely differing opinions on this one...as to whether interest rates should go up or not. But following the dire news yesterday that inflation has risen by 3.7% in one month you can see how the economy is in disarray. Some people argue for a small interest rise as mentioned by BarryW but others think that any rise in interest rates will take money out of the economy and halt our return to economic wellbeing.

    A smll rise in interest rates clobbers people with mortgages for example..their monthly payment goes up considerably with every rise, leaving the family with less to spend on everything else.

    The experts differ.
    But with that 3.7% figure , the highest monthly rise in inflation of all time, people's standard of living will drop and no mistake.
    This in turn will lead to strikes..you can count on it.

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