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Daily Record
Daily Record
Politics
Chris McCall

Scots face mortgage spike as biggest interest rate rise since 1980s announced

Scots face another spike in their mortgage payments after the biggest interest rate rise since the 1980s was announced today.

The Bank of England has hiked rates to three per cent - up from 2.25 per cent - in an attempt to bring runaway inflation under control.

The 0.75 per cent rise is the biggest single increase announced by the Bank since 1989.

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