- Reference: 2014/3990
- Question by: Fiona Twycross
- Meeting date: 22 October 2014
An increase in interest rates would clearly have a significant impact on London, particularly for homeowners. The 16th annual Geneva Report, published in September, forecasted that interest rates across the world will have the remain low for a "very, very long" time to enable households, companies and governments to service their debts and avoid another economic crash. What is your view of the impact this would have on London?