Interest rates to rise - papers 16 May

The FT says the latest inflation report from the Bank of England yesterday raises fears of interest rate rises before the current year ends. It says the main inflationary threat comes from the prospect of workers demanding higher wages to compensate for higher National Insurance contributions. The FT says the report yesterday "gave a strong signal that interest rates are likely to rise over the next few months. The Times says that homeowners could start to see the cost of their mortgage repayments creep up as soon as next month if the BoE gets nervous about inflation. ...