Britain's ready for interest rate rise, says Lloyds boss

UK’s biggest mortgage lender says borrowers can withstand a gradual rate rise as the economy remains resilient Britain’s borrowers can withstand the impact of the first rise in interest rates in a decade, the chief executive of Lloyds Banking Group said on Wednesday. António Horta-Osório believes any increase from the current record low of 0.25% would be gradual and said the bank – the biggest mortgage lender and savings institution in the UK – did not expec