MSE News: Cheapest EVER borrowing: what credit crunch?

Surely we have reached the bottom now in terms of interest rates and the next move should be up the way hopefully unless the banks want to pay us interest for borrowing money. I don't think this would be the root cause of any future crash at least not in the same way as we have seen before as a lot of borrowing has been done at fixed rates for set periods rather than variables. My thought is that this period is creating a generation of borrowers who feel they are entitled to cheap borrowing and this may create more issues later on as rates move north.