BBCNEWS Breakfast June 4, 2024 05:32:00
Already struggling, who will now see payments go up. the cost of borrowing is the highest it has been for 15 years. the bank of england has raised its base rate of interest from 5% to 5.2%. the 14th hike in a row since the end of 2021. thats because inflation โ the rate at which prices are rising is still way above the banks target of 2%. after the announcement yesterday, the average mortgage holder on a tracker deal was instantly hit with a bill of almost ยฃ24 per month, adding up to 300 extr...
Source: archive.org