Interest rate rise in midst of cost of living crisis will leave many incredulous
Bank’s decision goes contrary to analysis from Office for Budget Responsibility that predicts lower inflation and little impetus for wage growth
Read in depth: Business
Bank of England raises interest rate to 4%: what it means for borrowers and savers
The quarter-point increase is the first in more than three years. Tracker borrowers face higher payments, while changes for variable mortgages and savings depend on providers.
Poundland owner commits to prioritising jobs in rescue talks
Gordon Brothers met Business Secretary Jonathan Reynolds on 4 November and said it would prioritise bids protecting workers and stores, as suppliers face significant risks.
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