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Wales Online
Wales Online
National
Neil Shaw

Warning to everyone with a mortgage after Friday's announcement

Bank of England Nationwide Sarah Coles Tax Cuts UK Finance

Mortgage borrowers may see their monthly bills climb higher 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.

There have been suggestions the Bank of England may be forced to step in with an emergency interest rate hike.

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