© 2020 – 2023 AEA3 WEB | AEAƎ United Kingdom News

1.5m UK homeowners on variable rate mortgages face new borrowing rise

Bank of England expected to push interest rates up to 4.5% to tackle high inflation rate

Almost 1.5 million homeowners with variable rate mortgages face higher borrowing costs with the Bank of England expected to push up interest rates on Thursday to 4.5%.

A poll of City analysts found there was a 96% chance the central bank would increase its base rate by 0.25 percentage points when policymakers meet to tackle Britain’s stubbornly high inflation rate.

Continue reading…

Related posts

Sarah Everard vigil in south London cancelled, organisers say


Jamal Khashoggi killers living in luxury villas in Riyadh, say witnesses


Australia won’t conduct ‘megaphone diplomacy’ on Julian Assange amid calls to intervene


Pin It on Pinterest

Share This