A warning has been issued to millions of households as interest rates are set to rise again.
The Bank Of England (Boe) is expected to increase its base rate by 0.25% meaning a bills hike for millions. The expected rise in interest rates - the 13th time in a row - has led to calls for the Government to do more to help amid a deepening mortgage crisis.
The Bank is tipped to hike rates to 4.75% from 4.5% at the noon rates decision, but some experts predict policymakers may even vote for a bigger rise to 5% after Wednesday’s shock inflation figures showed the Consumer Prices Index remained unchanged at 8.7% in May against hopes for a sharp fall.
