How will new Bank interest rate pain impact me?
Media Type |
audio
Categories Via RSS |
Daily News
News
News & Politics
Publication Date |
Feb 02, 2023
Episode Duration |
00:10:23

The Bank of England heaps more misery on Londoners with mortgages and credit card debt as the interest rate hits its highest level since 2008 - when Gordon Brown was prime minister.

In this episode:

- Base rate jump to four per cent now, up 0.5 per cent

- Tenth successive hike

- Bank of England tries desperately to curb soaring inflation

- What hike means for personal finances and food bills

- Now 2.3 million UK households say they missed essential payments amid cost-of-living crisis

- Oil giant Shell reports record mega-profits of more than £32 billion - fresh calls for new windfall tax

- Expert analysis with Dr Jo Michell, associate professor of economics at UWE Bristol.


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