Investor Jon Moulton Says Sovereign Debt Crisis May Push Up Interest Rates

Jon Moulton, chairman and founder of Better Capital Plc, said the growing sovereign debt crisis may lead to higher interest rates and that the U.K. faces “enormous pain” to tackle its deficit.

“What I’m expecting to see from the sovereign debt crisis, at some point shortly is a big rise in interest rates,” Moulton said on Bloomberg television in London today. “We haven’t got plans to get out of it yet. Let’s see what the next government does, if anything.”

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