UK interest rate raised to 4 per cent by Bank of England

UK interest rate raised for tenth time in a row <i>(Image: Newsquest)</i>
UK interest rate raised for tenth time in a row (Image: Newsquest)
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The Bank of England has raised the base rate for the tenth time in a row.

It has increased from 3.5 per cent to 4 per cent, it has been confirmed in the last few minutes.

The rise is expected to put increased pressure on mortgage payers and businesses.

More follows.

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