Graeme Brown, director of Shelter Scotland, the national housing advice service provider, says:
“Today’s news of an unexpected rise in inflation to 3.7 percent raises the spectre of a rise in interest rates. This would make the cost of borrowing and mortgages an even greater burden and push families over the edge.
“The government needs to be prepared for the consequences of an interest rate rise which, against the background of an oppressive financial climate, would spell disaster for tens of thousands of families across Scotland.
“For anyone who feels overwhelmed by their financial struggle it is crucial they get advice sooner rather than later. Specialist debt and housing advice is available via Shelter Scotland’s website. Visit www.shelter.org.uk or call our free helpline on 0808 800 4444 and get impartial and expert advice now.”
Contact: Neil Baldwin, Nicola Baxter
Phone: 0844 515 2442