The Bank of England warned Wednesday that households across the U.K. are facing increasing problems from the sharp increase in interest rates but found that the country's biggest banks are resilient enough to offer more help than they were able to before the global financial crisis 15 years ago..
In its regular health check of the economy, the central bank said British households are facing higher debt burdens as a result of rising interest rates, particularly those whose fixed-rate mortgage deals have come to an end or soon will be.
