Alfienoakes wrote:- Accepted wisdom seems to say that they must increase, and may increase sharply, possibly to double figures. Is this inevitable or are conditions 'different this time'? They certainly will rise you can back your money on it, and it was not too long ago since they were 12%. The conditions are different this time as its much more widespread, and the pound is lower in value, which makes it a greater burden of debt to clear.