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The Independent UK
The Independent UK
National
Joe Middleton and Liam James

Interest rates – live: Mortgage holders under ‘storm clouds’ after Bank’s latest hike

PA

Millions of homeowners and thousands of businesses face more pain after the Bank of England raised interest rates to a 14-year high on Thursday.

The eleventh consecutive increase comes as the bank struggles to bring stubbornly-high inflation under control. The consumer prices index jumped last month to 10.4 per cent from 10.1 per cent in January.

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