The Bank of England increased its base rate of interest from 0.5% to 0.75% last Thursday. The move will impact on borrowers and savers. The base rate is the Bank of England’s official borrowing rate and it influences what borrowers…
Big increases in mortgage costs and other expenses will hit families hard if interest rates rise. A new study indicates that British households will spend almost a third more on their mortgages and other household debts over the next five…
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