Bank of England to lift rates to 4% on Feb 2, finish at 4.25% in March: Reuters poll
https://uk.finance.yahoo.com/news/bank- ... 6yZnHUU9Ze
UK Government/Parliament has been pretty disastrous, reduced the UK to being a banana republic island. Took over 6 months for instance for the Tories to elect a new leader, only to sack them days later. Massive irresponsible spending of the public purse, such as Sunak's furlough costs that excluded 3 million (self employed) in effect making it a pointless/waste. Lost billions. Raising taxes and incentives towards lowering GDP (have GP's retire early, university graduates slowing/stopping working when above the minimum wage due to taxation in excess of 40% (20% tax, 12% NI, 9% graduate tax) ...etc). Large scale flight of capital (taxation inducing the flight of the 1% who pay a third of total income tax take, leaving those left having to pay 50% more in taxes to fill that hole). To avoid yet further declines, the BoE has to make interest rates attractive, high yields in banana republics is the more common way to at least have some inflow of capital.
When Labour getting in to better manage the economy being the UK's best hope, interest rates remaining above average/high is perhaps the more likely mid/longer term trend. Where house and stock prices will also be pushed downward under such circumstances. Let alone what mess Labour might induce on top.