The Latest Breaking News on Rates probably on hold but all eyes on RBA governor

Chancellor agrees ‘mortgage charter’ to help borrowers but Labour says intervention is ‘weak’

Soaring interest rates are bad news for borrowers but there may be silver linings for some people. 

It comes after the Bank of England hiked interest rates to 5% - piling mortgage misery on cash-strapped families

In politics there are bad ideas, then there are really terrible ideas and, finally, there are mortgage relief schemes at a time of soaring inflation. Such a policy would, as Chancellor Jeremy Hunt himself has admitted, make the current situation “worse, not better”. And yet, opportunists can sense their moment.

Chancellor Jeremy Hunt and major banks agreed measures on Friday to help ease the pain of rising rates.

City voices: Without economic pain, nothing changes

Savings rates should be put up at least with the same rate as borrowing, Martin Lewis told ITV’s Good Morning Britain

The Money Saving Expert spoke out after meeting with chancellor Jeremy Hunt

The Money Saving Expert says mortgage holders are being deliberately targeted and savers disadvantged

Savings rates should be put up at least with the same rate as borrowing, Martin Lewis told ITV’s Good Morning Britain.

Measure among three agreed at meeting with chancellor to help struggling households after sharp rate hike