How will new Bank interest rate pain impact me?

The Bank of England heaps more misery on Londoners with mortgages and credit card debt as the interest rate hits its highest level since 2008 - when Gordon Brown was prime minister.In this episode:- Base rate jump to four per cent now, up 0.5 per cent- Tenth successive hike- Bank of England tries desperately to curb soaring inflation- What hike means for personal finances and food bills- Now 2.3 million UK households say they missed essential payments amid cost-of-living crisis- Oil giant Shell reports record mega-profits of more than £32 billion - fresh calls for new windfall tax- Expert analysis with Dr Jo Michell, associate professor of economics at UWE Bristol. Hosted on Acast. See acast.com/privacy for more information.