BBCNEWS Outside Source June 4, 2024 19:20:00
I'm a bit more optimistic on that front. well take a look at this graph, showing just how far and fast uk interest rates have risen. they were at 0.1% at the start of december 2021. they're now at a 14 year high, hitting millions of british homeowners who have variable mortgages and are already being squeezed by the soaring cost of living. since december 2021, a typical tracker loan — that's one that "tracks" bank of england rates — has soared by £394 — or $485 — a month. a typical standard variable rate has gone up by £251. that's $309 dollars. let's hearfrom one homeowner in cambri...