Why Mark Carney shouldn’t rush to play the rate-rise card

With UK households among the most indebted in any major economy, even a modest interest rate increase would have a huge impact

Borrowers beware: Mark Carney's clear message in his speech at Lincoln cathedral last week was that interest rates may have to rise soon - something anyone who has bought a home or taken out a loan in the past eight years will never have experienced.

Yet the other signal that came through - aside from some chin-stroking on medieval inflation and the Magna Carta - was that the fragile, lopsided state of the post-crash British economy means the Bank must proceed with great care.

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