It's also been suggested that the Bank of England may even be forced to introduce an emergency interest rate hike
People with mortgages have been warned that their monthly bills may be higher now after a raft of tax cuts were unveiled last Friday.
Wales Online reports that the series of recent base rate increases mean that a tracker mortgage is now about £210 per month more expensive than it was before the increases began last December. Top Trending Stories Today The Bank of England increased rates by another half percentage point to 2.25% last Thursday. But financial markets are speculating the Bank may act with another increase before its next meeting in November.
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