Interest charges are like marmite - you either love them or hate them.
They can be high - which you can love if you've got savings, or you can hate if you've got debts…or…they can be low - which you can love if you've got debts, or you can hate if you've got savings!
Interest charges, at the moment, are pretty low - which is generally a good thing because the average level of debt is quite high. However, this could all change - and no-one really knows when or how this change will take place. Interest charges could sky rocket, and they may well do…and this will be called a 'boom' - but be careful - it won't last!
So…anyone for a bit of marmite?
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