The impending interest rate hikes from the Bank of England may exacerbate the two-speed economy by weighing on consumer spending by more than business investment. So over the next year or so, the winners may be savers and those exposed to the appetite of businesses to invest, while the losers may be borrowers and those exposed to the appetite of households to spend.
After the Bank of England's decision on interest rates on Thursday, we’ll be online for 20 minutes at 3pm GMT to discuss how far interest rates will rise and how long they will stay high. (Register here.)
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