How will new Bank interest rate pain impact me?
Highest base rate since 2008 to fight inflation
The Standard · Rachelle Abbott
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Show Notes
The Bank of England heaps more misery on Londoners with mortgages and credit card debt as the interest rate hits its highest level since 2008 - when Gordon Brown was prime minister.
In this episode:
- Base rate jump to four per cent now, up 0.5 per cent
- Tenth successive hike
- Bank of England tries desperately to curb soaring inflation
- What hike means for personal finances and food bills
- Now 2.3 million UK households say they missed essential payments amid cost-of-living crisis
- Oil giant Shell reports record mega-profits of more than £32 billion - fresh calls for new windfall tax
- Expert analysis with Dr Jo Michell, associate professor of economics at UWE Bristol.
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