Rates on UK debt surged higher today and the pound trailed the US dollar again driven by investors sweating over the government’s tax and borrowing splurge.
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Holidaymakers told to watch 'impossible to predict' ratesHolidaymakers are being urged to 'watch rate movements carefully' amid concerns of the fall in value of the pound.
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Bank of England says it will “not hesitate” to change interest rates if needs beBank of England says it will “not hesitate” to change interest rates if needs be 🔴 The Governor, Andrew Bailey, said the Bank is monitoring developments in financial markets” very closely”
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Bank will 'not hesitate' to raise interest rates after pound's fallA weak pound makes it more expensive to buy imported goods and risks pushing up the rising cost of living even further.
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Pound sterling: Bank of England says it won't hesitate to raise interest rates - BBC News“The Labour party now has got its act together” Labour peer Peter Mandelson says the Conservatives have “thrown away” their reputation for fiscal discipline, and Labour can capitalise on this Newsnight
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Pain for mortgage holders as investors bet Bank of England to raise rates even higherInterest rates are now expected to rise to 6% next year, far above the 1.5% rate projected just months ago.
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