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'My mortgage has gone up already': 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.

By BBC News

Excerpt shared by Lazyfounder

·Excerpt
'My mortgage has gone up already': How rising interest rates are hitting people's pockets
Image: Image caption, The BBC spoke to three people about how they could be affected by rising interest rates

Image source, Supplied

Image caption, The BBC spoke to three people about how they could be affected by rising interest rates

ByDaniel Thomas and Raphael SheridanBBC News

On Thursday, the Bank of England increased interest rates for the first time in over three years as it tries to get a grip on rising inflation linked to the Iran war.

Experts say there…

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This story was originally published by BBC News. All rights belong to the original publisher.

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