Interest Rates: Paper Review

The morning after the rates rise of the day before. Let's look at what the UK nationals have to say about interest rates and the housing market:

The Times leads with a story suggesting that the interest rate rise heralds that the cheap mortgage era ends, with many homeowners about to come off fixed rate mortgage deals over the next 18 months. They also offer advice on softening the blow.

The Telegraph suggest that Tony Blair's legacy is to have left a nation deep in debt, with millions paying a third more for their mortgages.

In The Guardian you can find analysis of the warning signs that are apparently flashing. It reports that two members of the MPC are concerned that interest rates are rising too aggressively.

Finally, the Independent concentrates on warnings from the Conservative Party that personal debt is spiralling, in the face of the interest rate rises.