Britain’s ready for interest rate rise, says Lloyds boss – The Guardian

Britain’s bank is back under private ownership, and has seen a 38% increase in revenue since the start of this year. Seeking to maintain a stable market, you can expect to see the bank’s first rate increase on loans since 2007. From an ultra low .25 percent rate, borrowers can expect to see interest creep up to 1 percent by sometime in 2019. Looking ahead, Britain is on schedule for a strong economy that has started to recover from the downturn caused by Brexit.

Read more: Britain’s ready for interest rate rise, says Lloyds boss – The Guardian