Would an exit from the European Union push up UK mortgage rates?

[Nicholas Wallwork]

George Osborne has been accused of intimidating the UK electorate ahead of the much discussed referendum on the U.K.’s membership of the European Union. Today he suggested that it was “likely” that UK mortgage rates would rise in the event of Brexit – a British withdrawal from the European Union. So, is George Osborne being

Click to Read The Full Story and Add you Own Comments to Continue reading...

 

[nmb]

Personally I think initial confusion in the event of the UK exiting the European Union does have the potential to push interest rates higher in the short term. The medium to long term situation would be very different and take a lot of negotiating with potential trading partners but lets not forget, import figures show that the European Union needs the UK more than the UK needs the European Union.