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Daily Mirror
Daily Mirror
Politics
Matthew Dresch

Fears Brits face biggest interest rate hike in 30 years making mortgages pricier

Finance chiefs are tipped to unveil the biggest hike in interest rates for over three decades when delayed crunch talks are held later this week.

The Bank of England's Monetary Policy Committee (MPC) is expected to increase rates by a massive 0.75% to 2.5%.

It would be the highest interest rate that the UK has had since the financial crisis. In December 2008 the base rate was slashed from 3% to 2%.

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