Bank of England raises interest rates to 3 in biggest single hike since 1989
The bank's also warning of a two-year recession Homeowners are set to face the biggest single shock on their mortgage bills since the 1980s as the Bank of England hiked interest rates for the eighth time in a row. The Bank’s base rate will rise to 3% from 2.25%, its highest for 14 years, and decision makers warned that more hikes are likely. It will pile around £3,000 per year […]