The Bank of England has raised interest rates and warned further hikes are likely in the coming months. This will mean bigger bills for some homeowners.
In a bid to tackle rising inflation, the Bank of England has increased the base rate for the seventh time since December 2021. The 0.5% hike takes the interest rate to 2.25% – the highest since November 2008, when the banking system faced collapse. So, what does this mean for you?
Financial Viewpoint is the quarterly newsletter of Carl Summers Financial Services, where we talk about mortgages, insurance, pensions, investments and other aspects of personal financial planning.
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