The latest inflation figured have been released by the BoE today, and to anyone with large variable rate mortgages it will be bad news. http://news.bbc.co.uk/1/hi/business/6171617.stm

"UK inflation has accelerated to its highest level for almost a decade in November, increasing the chances of an interest rate rise early in 2007."

Seeing as the main brief the BoE was given was to use interest rates to control inflation, this level of inflation makes a rise to 5.25 a cert and 5.5 before the summer of 07 a real possibility. Time to fix???

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edited as it should be a topic in its own right