Bank of England eyes December base rate hike

Interest rates rising

Christmas could be cancelled for thousands of homeowners as Bank of England eyes December base rate hike

Research by estate and lettings agent, Barrows and Forrester , has revealed that 64% of UK homeowners are already planning to cut back on their Christmas spend due to the increased cost of their mortgage, with 73% stating that should the Bank of England choose to increase rates again in December, it will put a further strain on their already overstretched household finances.

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