Cheap Petrol – It’s in our best interests, right?

In the past week, we have heard of two diverging headlines for households and car-owners across Britain, the pending interest rate hike by the Bank of England and the continual fall in petrol due to low oil prices. Capital Moments examines how both changes may impact the economy.

The backstory

Well, throughout this year there has been mass speculation as to when the Bank of England will hike interest rates. Just today, there were claims by the British Chambers of Commerce that a premature increase in the base interest rate presents a huge risk to the British economy. In the opposing corner, Goldman Sachs senior economist, Kevin Daly, has predicted petrol prices may fall to