Biggest News aggregator with 200 million news articles | vimarsana.com
because the pound is weak, import prices are higher, and that pushes up inflation and, to fight inflation, interest rates have to rise faster than previously thought and that could hit ordinary people where it hurts — in their mortgage payments. so far, the bank of england's announcement hasn't worked to calm financial markets. the index of uk—listed companies is tumbling down 2% and traders are again selling the pound, now worth less than $1.06. andrew verity, bbc news. speaking on the final day of the labour party conference, keir starmer said the conservatives could never claim to be the party of fiscal responsibility. the move by the bank of england is very serious and many people will be extremely worried about their mortgage, about prices going up and now about their pensions. the