A leading economic forecaster today said
The Ernst & Young ITEM Club, which bases forecasts on the Treasury's model of the economy, says the Bank of England's base rate will remain on hold until 2014 in order to counter-balance government austerity measures (see the Top Savings and Cheap Mortgage Finding guides).
The forecast contrasts with the view in the City and at the Office for Budget Responsibility that interest rates will start to rise next year. Please click here for full article.
