Banking institutions are considering increasing interest rates on loans. They’re considering increasing interest rates for loans, because of the increase and the amount of loans being taken out by consumers. They believe that this increase and loans is possibly due to inflation; And because of this the banks are not sure whether or not the consumers will faithfully return the borrowed money. Economic fluctuation has impacted British lifestyles ever since withdrawing from the European Union: and withdrawing from the European Union is resorting to nationalism.

Read more: Surge in UK consumer borrowing fuels likely interest rate rise – The Guardian