Public and Markets being softened-up for interest rate rises

With the Mansion House speeches from Chancellor, George Osborne, and Bank Governor, Mark Carney, underlined by comments from former Chancellor, Norman Lamont, the markets and the public are now being thoroughly softened-up for coming interest rate rises. That is good politics and good economics. The housing market rise is a cause for concern in some areas, but not a cause for panic. If Team Cameron hold their nerve, savers as well as house-owners will gradually gain confidence; and the prospects of a Conservative victory at the next General Election are enhanced.

Chris Whitehouse Chairman,