the bank of england has raised interest rates to their highest level for 1a years. they've gone up from 3% to 3.5%. it means many people borrowing money will have to pay more to do so, but should also mean higher rates for savers. the bank is hoping the rise will help bring down the rate of inflation. our economics editor, faisal islam, has the details. it's absolutely mega—stressful. because i'm trying to work, but then you're looking at the news, it's, like, interest rates, you know, going up, inflation coming up, it's, like, what can i do? in pudsey in west yorkshire, homeowner clive turner is one of the a million owner occupiers facing significant rises in mortgage in mortgage costs after a year of bank of england rate rises, and that's on top of the hike and energy bills. it's about £120 difference because 5.76. difference because 5.76,