Chieu Cao, CEO & Founder at Mintago, quoted in The National

Chieu Cao has been quoted in an article released by The National discussing the rise in Bank of England interest rates to 1.25% from 1%, with this being the highest level reached since January 2009. 

With inflation currently sitting at 9% and expected to reach over 11% later this year, Chieu Cao has expressed the financial implications that the increase in interest rates will have on UK citizens who are already struggling to make ends meet. Mintago’s latest research discovered that 72% of UK employees working full time are prioritising immediate financial commitments such as mortgages and utility bills over long-term financial goals. Employees are not able to save money as they are often having to live paycheck to paycheck. 

Take a look at the full article to learn more about this important subject and read comments from industry experts.