When Mark Carney took over as Governor of the Bank of England last summer he indicated interest rates would not rise until 2016. How times have changed. The economy is back within a whisker of the pre-recession peak, unemployment has dropped to a five-year low of 6.9 per cent, and the housing market is booming. The International Monetary Fund, the Organisation for Economic Co-operation and Development and even Carney himself believe the UK will be one of the fastest growing major economies in the developed world this year. The Canadian will tomorrow concede the turnaround means rates will rise far sooner than ... (full story)