Editorial: A sight rise in interest rates the least bad option

​Such an increase, from the current rate of 4.25%, is the least bad option for the British economy.

Interest rates have been far too low for far too long.

For most of the last 15 years they have been hovering between just above zero and 1%, in a desperate bid to revive and sustain the financial system and faltering businesses after the crash of 2008.