Makes total sense for the economy and is great for savers like me, but I can't help feeling it's going to affect lots of people badly.
This year, British families became net borrowers for the first time in three decades and a move like this may well see an end to the cheap credit boom that has been building up.
If my kids are anything to go by, I'm not sure how the younger generation will handle the idea of living within their means as a lot of people have never experienced anything but low interest rates and there's almost a feeling of entitlement to own "nice things", let alone have the basics.
This year, British families became net borrowers for the first time in three decades and a move like this may well see an end to the cheap credit boom that has been building up.
If my kids are anything to go by, I'm not sure how the younger generation will handle the idea of living within their means as a lot of people have never experienced anything but low interest rates and there's almost a feeling of entitlement to own "nice things", let alone have the basics.