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What does the UK interest rate rise mean for homeowners and savers?

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First rate rise for more than three years leaves millions facing rise in mortgage payments Bank of England raises interest rates to 4% Business live – latest updates The Bank of England has hiked interest rates by 0.25 percentage points, taking the base rate to 4%. It is the first rate rise for more than three years, leaving millions of households facing a sharp rise in mortgage payments.

Read the original report at The Guardian.

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1 source from 1 organisation: 1 newspaper or magazine.

  1. 1The GuardianThe Guardian · theguardian.comNewspaper or magazine

Source headline and summary supplied via NewsData.io. First collected by NewsJaws on 2026-11-06. This is an automated news brief, not original NewsJaws reporting. Dates reflect the source publication. Feed delays may apply.

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