The Bank of England set the base rate 0.5% higher at 4% today. Is this the new normal? Or will they go much higher? 
I had a 5 minute chat with my old friend and pundit Alex Groundwater to get his views on what's likely to happen with bank interest rates and why.

Alex Groundwater is a good friend from early school days, one of the rare ones I have kept in touch with.

He describes himself as:

"A Gen-X data enthusiast. Helping Bio-Techs build labs and manufacturing facilities for T Cell cancer therapies. mAB 🐀, reader, maths literate!"

I often refer to him, not seriously, as my "quant guy" on YouTube videos.

He wrote this short story about the income destruction of an imaginary wealthy middle class couple living in London to demonstrate the potential effects of the current inflation and interest rate we have in the economic environment in early 2023.

You can find him here on Twitter
https://twitter.com/alexgroundwater

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