1 Nov 2017

Interest rates set to rise for first time in decade

Business Editor

Interest rates have now been on hold for the longest period in living memory, but all that could end tomorrow when the Bank of England is expected to put up base rates for the first time in a decade. The increase is likely to be fractional, but the psychological shift could be far more profound. So how will it all affect us and the way we think about the economy? For people already struggling to pay their mortgages, it’s worrying news.