Scenarios

Financial Sector

19/08/2007

Cue: It now seems pretty certain that the Bank of England will push up interest rates by another quarter per cent this week. Good news for savers and great if you're just off on holiday to the US; but very worrying for anyone with a mortgage or for companies that have borrowed heavily to develop their businesses. The Citizens Advice Bureau and most consumer groups are predicting tens of thousands of home repossessions on a scale not seen since the late Eighties as home owners struggle to cope with huge personal debts. With me is John Bloggs of the chartered accountants Bloggs and Co............

This is a live face-to-face interview on BBC Radio 4's flagship news programme Today.

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