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Evening Standard
Evening Standard
Business
Vicky Shaw

Mortgage borrowers set to see bills climb higher amid concerns of emergency interest rate hike

Bank of England Sarah Coles Nationwide Hargreaves Lansdown UK Finance

Pressure is building for the Bank of England to increase its base rate of interest

(Picture: Matt Writtle)

Mortgage borrowers are set to see their monthly bills soar amid concerns that pressure is building for the Bank of England base rate to be hiked further in order to steady the pound.

A raft of tax cuts unveiled on Friday last week have prompted concerns for the impact on inflation.

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