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If mortgage payers, renters and businesses were feeling the squeeze before today, well now the pips are coming out.
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Five per cent is the new interest base rate announced earlier by the Bank of England - the highest it's been for fourteen years.
That's the pain. The gain?
According to the bank - reduced inflation and the avoidance of a recession.
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Five per cent is the new interest base rate announced earlier by the Bank of England - the highest it's been for fourteen years.
That's the pain. The gain?
According to the bank - reduced inflation and the avoidance of a recession.
-----------------------
Follow us:
Facebook - https://www.facebook.com/Channel4News/
Twitter - https://twitter.com/Channel4News
TikTok - https://www.tiktok.com/@c4news
Instagram - https://www.instagram.com/channel4news/
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