Risk of a rise in interest rates “not an immediate one”
IEA research quoted in the Daily Express
Phillip Booth quoted in the Financial Times
Julian Jessop quoted in The Telegraph
Speaking to the newspaper, IEA Economics Fellow Julian Jessop said: “Even if interest rates rose sharply tomorrow, the average maturity of UK government debt is about 15 years, so it will be many years before any increase in debt servicing costs becomes significant.”
Read the article in full here.