Fears over BoE interest rates decision as economy ‘roars back’ | Personal Finance | Finance [Video]

GMB: Susanna and Ed cover breaking news as interest rates fall to 2%

Finance experts say the good news that the UK economy is ‘roaring back’ comes with a twist.

Evidence of strong growth in the economy may allow give experts on the Bank of England reason to hold back further cuts in interest rates, it is claimed.

That would potentially to push back cuts in the cost of mortgages, credit card and loan borrowing costs until November and beyond.

Today’s news that the UK’s Gross Domestic Product, the total value of the economy, grew by 0.6 percent in the second three months of this year has been widely welcomed.

As things stand, the UK is potentially on course to have the fastest growing economy in the G7 group of the world’s largest economies.

UK’s Gross Domestic Product, the total value of the economy, grew by 0.6 percent (Image: Getty)

The fly in the ointment, however, is …