Interest rate increase
New research shows that most UK consumers
are going to face a futher interest rate increase.
Nearly 80 per cent of people from Lloyds
TSB Corporation predicted that in 2008 the interest rate will
have reached far beyond the current rate.
Consumers were summarising the risen
inflation in April, majority of people believed that totals had
increased than decreased in the last year up to six-months figure
of 63 per cent.
The Lloyds TSB Coporate Market stated
that the feedback on consumers spending was not going to effect
the local high street.
"Pretty much everyone expected
the base rate to rise last week," said Trevor Williams, who
commited that forewarnings over last week's rate increase were
going to help scale down the effect on the high street.
"With high price expectations
and the recent rate rise we’re likely to see some slowdown
in consumer spending but with job security remaining strong, the
impact won’t be drastic," he stated.
The average consumers who had
an idea in the remaining financial environment reached two points
April period to 90 – the highest peak stated Nationwide.