Majority of MPC rate-setters back hike of 0.5 percentage points despite fears UK is entering a long recession Mortgage payers are braced for higher borrowing costs, after the Bank of England pushed up its base rate by 0.5 percentage points to 3.5% despite saying inflation has peaked and Britain is about to enter “a prolonged [...]

Majority of MPC rate-setters back hike of 0.5 percentage points despite fears UK is entering a long recession Mortgage payers are braced for higher borrowing costs, after the Bank of England pushed up its base rate by 0.5 percentage points to 3.5% despite saying inflation has peaked and Britain is about to enter “a prolonged [...]