And also raised the prospect of Britain's sovereign credit rating coming into question
In the UK Sunday Times , former chancellor Lord Alistair Darling says consumers are vulnerable to a "shock" from even a marginal increase in borrowing cost
- Any tightening at all in monetary policy is likely to lead to rapid cuts in household spending
- He added that current Chancellor Philip Hammond "has got to manage Brexit without tanking the economy", if he doesn't there is a risk to Britain's sovereign credit rating
The Sunday Times is gated, but if you do have access, link: Darling: small rate rise could kill spending