There is a one-in-three chance that the Bank of England will raise interest rates next week, economists warned last night. Pressure is mounting on the monetary policy committee to lift rates from 0.5 per cent to put a lid on soaring prices. …

The Telegraph reports that interest rates could very well increase in June, following the surprising inflation figures. 

A rate rise would end a two-year period of stability, when interest rates lay at a record low of 0.5 per cent. A move upwards could add hundreds of pounds to many homeowner's mortgages but offer relief to 38 million savers, who have suffered from pitiful returns in since the financial crisis…