The Bank of England has raised its 2014 growth forecast for the UK economy from 2.8 per cent to 3.4 per cent.
The Bank expects fourth-quarter 2013 growth to be revised up from 0.7% to 0.9% and said first-quarter growth will remain "robust" at around 0.8%.
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One estimate suggests that higher mortgage repayments could squeeze hard-pressed householders into debt peril.
Calculate your monthly mortgage repayments if interest rates rise.
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