More pressure on mortgage payers and businesses after hike of 0.5 points lifts rates to 14-year high The Bank of England has raised interest rates by 0.5 percentage points to 4%, piling more pressure on mortgage payers and businesses struggling to pay off their loans. In a move expected by City economists, the Bank's monetary policy committee voted for the 10th consecutive time to raise the cost of borrowing to a fresh 14-year high. UK rates are now at the highest level since October 2008, when ...
More pressure on mortgage payers and businesses after hike of 0.5 points lifts rates to 14-year high The Bank of England has raised interest rates by 0.5 percentage points to 4%, piling more pressure on mortgage payers and businesses struggling to pay off their loans. In a move expected by City economists, the Bank's monetary policy committee voted for the 10th consecutive time to raise the cost of borrowing to a fresh 14-year high. UK rates are now at the highest level since October 2008, when ...
Share this Article
Recommended