BREAKING: The Bank of England has unveiled the biggest interest rate rise in more than 30 years, which could see Homeowner's annual mortgage repayments go up by hundreds of pounds.
Mortgages are decided against this rate. Borrowers with a £200,000 standard variable mortgage could see their repayments rise by more than £1,000 a year.
Mr Hunt has already faced calls to come to the Commons or give a press conference to explain how mortgage-holders will be helped following the predicted hike in interest rates.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank of England hikes interest rates to highest for 14 yearsThe Bank warned that the UK could be on course for two years of uninterrupted recession.
Read more »
Britain faces 'longest recession in history' as Bank of England hikes interest rate 0.75% to 3%Bank of England governor Andrew Bailey warns of 'tough road ahead' as interest rates are hiked to 3% and Britain faces 'longest recession in history'
Read more »
Bank of England raises interest rates by 0.75 percentage points\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Read more »
Bank of England warns of 'longest recession' as interest rates rise to 3 per centThe Bank warned the UK could be on course for its longest recession since reliable records began a century ago as it announced the decision.
Read more »