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

Bank of England hikes interest rates to 5% - what it means for your money

The central bank's base rate was upped by 0.5 percentage points from 4.5% and remains at its highest level since the 2008 financial crash

Daily Mirror

Bank of England raises interest rates by a half point to 5%

Move brings borrowing costs to highest level since April 2008 as Bank intensifies efforts to control inflation

The Guardian - UK

Lloyds, Barclays, Halifax, HSBC: All the variable mortgage rates right now as interest rates to rise for 13th time

Some banks will be increasing their rates in a few weeks

Wales Online

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Mortgage warning for millions as interest rates set to rise again today

The Bank of England is set to increase the base rate for the 13th time in a row

Liverpool Echo

Why are interest rates going up – and what does it mean for mortgages?

Markets are now anticipating a high of 6% by early next year

The Independent UK

Labour rule out subsidies for mortgage holders as interest rates rocket

Rachel Reeves has ruled out Labour backing plans that would see subsidies or financial support for mortgage holders, as struggling homeowners brace…

The National (Scotland)

Three ways the Bank of England could try and cut inflation without rising interest rates

The Bank of England has upped its base interest rate again today but are there any other ways it can tackle inflation? - The Mirror asked three financial experts to find out if there is anything else that could be done

Daily Mirror

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Subsidy for mortgage holders not right approach to crisis, says Labour

Shadow chancellor Rachel Reeves said her plans would instead see banks forced to help homeowners struggling with payments.

The Independent UK

Bank to hike rates again as Rishi Sunak struggles to tackle rising inflation

Government under fire over mortgage crisis as Bank set to hike rates again

The National (Scotland)

Trigger recession to tame inflation, say economists – as Bank set to hike interest rates

‘There’s no other way around it’, says Jeremy Hunt adviser on looming UK recession

The Independent UK

Bank of England governor denies trying to trigger recession after hiking interest rates to 5% – as it happened

Rolling coverage as the Bank of England lifts UK interest rates to a 15-year high, as it contnues to fight inflation

The Guardian - UK

Londoners face £1,000 hike in monthly mortgage bills as BoE fights runaway inflation

The average two-year rate continued to surge today, hitting 6.19%

Evening Standard

Bank of England is set to hike rates to battle inflation. That means pain for borrowers

The Bank of England is poised to raise borrowing costs again to combat stubbornly high inflation, which has failed to come down from its peak as quickly as expected

The Independent UK

Bank of England set to raise interest rates again as high inflation sticks

Economists agree that the Bank is likely to raise interest rates on Thursday, and that more hikes are on the horizon

Evening Standard

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The Guardian - UK

‘This is ruining people’s lives’: homeowners hit by UK mortgage crisis speak out

Borrowers with expiring fixed-rate or tracker mortgages face difficulties, with some saying they will be forced to sell their homes

The Independent UK

Rishi Sunak says he feels ‘deep moral responsibility’ to cut inflation

Prime minister to say it is imperative he ‘hold his nerve’ in commitment to half inflation

The Guardian - UK

Labour piles pressure on Sunak with plan to prevent ‘mortgage catastrophe’

Shadow chancellor Rachel Reeves says party would force banks to take a range of steps to protect borrowers

Daily Mirror

'Bank of England is fighting economic firestorm caused by Tory arsonists running country'

In the face of this growing disaster, Chancellor Jeremy Hunt has acted like a rabbit transfixed by the headlights of a super truck

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news in one place.

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Daily Mirror

Tories inflicting 'living nightmare' of rampant inflation and soaring mortgages on UK

With another Bank of England rate hike predicted for today, the Government is accused of being out of ideas and clueless about people’s financial predicament

The Independent UK

Rishi Sunak warned of ‘serious shock’ for mortgage holders as Bank of England poised to raise interest rates

Experts warn 1.4m homeowners will see a fifth of their disposable income wiped out by soaring mortgage rates

Evening Standard

Bank of England interest rates hit 5% as Andrew Bailey says ‘We know this is hard’

Jumbo hike of half a percentage point is the 13th consecutive rise, cost of borrowing to its highest since 2008

Evening Standard

OPINION - Bank of England acted too late on inflation and now homeowners will pay

This morning’s UK inflation data can be described in just two words: truly horrible. With headline inflation stuck at 8.7 per cent and core underlying inflation rising from 6.8 per cent to 7.1 per cent, the Bank of England is facing a huge problem. Most thought the Bank’s key policy…

Evening Standard

Mortgage mayhem sees lenders pull almost 150 more deals, but worst may still be to come

More lenders may withdraw their deals by the end of the day

Bristol Post

What is meant by inflation, why it's still high and how it affects you

It had been expected that the rate would fall again, but it stayed the same

Wales Online

What inflation is, why it's still high and what it means for you

It had been expected that the rate would fall again, but it stayed the same

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