Consumer Spending, Prices, Interest Rates (UK)- Query

Xxx Xxxx xxxxxxx at
Tue Nov 4 06:12:43 MST 2003

Can anyone possibly explain something to a novice? I saw on ITV (British)
news last night that as consumer spending has supposedly risen dramatically
in the UK, the Bank of England is likely to raise interest rates. What is
the reason for this and what is the relation between interest rates and the
amount of money circulating in the economy?

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