'My mortgage is going up £200': How rising interest rates are hitting people's pockets
With UK interest rates set to rise, mortgages, credit cards and loans could get more expensive for millions.
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With UK interest rates set to rise, mortgages, credit cards and loans could get more expensive for millions.
Investors had been selling off tech shares in part due to concerns the Democrat election victory would mean slower AI development.
Most analysts expected the increase from 3.75% to 4%.
The BBC's cost of living correspondent Kevin Peachey explains what the change could mean for those saving for a holiday or to buying a house.
The BBC's economics editor views one more interest rate as likely, but thinks that will be all.
Job, loans and savings are all affected by the rise in interest rates announced by the Bank of England.