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CBI: higher mortgage payments in 2011

by Gill Montia.

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The Confederation of British Industry (CBI) is predicting that the base rate will begin “rising gently” in the Spring, to hit 2.75% by the end of 2012.
Higher mortgage payments are therefore named as a factor in keeping household spending flat next year, showing a rise of only 0.9% in 2011, and 1.2% in 2012.
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