flanders and claire barrett. we have got stephanie flanders from bloomberg economics on the podcast. hello. hello, hello. and another friend of the podcast, claer barrett, from the financial times. thank you for having me. i m glad you re here, so, interest rates at 3%, stephanie. gives a sense of how that feeds into real lives. in gives a sense of how that feeds into real lives. into real lives. in terms of money that into real lives. in terms of money that is into real lives. in terms of money that is about - into real lives. in terms of money that is about 2 - into real lives. in terms of. money that is about 2 million people in the country who are on a variable rate the biggest since the 80s or 90s depending on who you believe. and for somebody with the average size mortgage, that is going to add nearly £80 a month or £1000 a year, just from today s rise, but of course, that is the eighth rise we have had in succession from the bank of england. there is more pain t
2 million people in this country who are on a variable rate mortgage who will immediately see the impact of that 0.75% rise we have had today. the biggest since the 80s or 90s depending on who you believe. and for somebody with the average size mortgage, just from today s rise, but of course, that s the eighth rise we have had in succession from the bank of england. there s more pain to come for around 2 million people you roll off their mortgage fixed rates next year. they might see an even bigger rise because they re on a really low rate now and it ll probably be higher than it is next year, so again, somebody with the average size mortgage, they can expect to pay around £250 more per month, or £3000 a year, and that s based on a mortgage of 130,000 so obviously if you have a bigger mortgage, you will have bigger repayments. trying to work out from listening to the various contributions we ve heard today, whether it be andrew bailey at the bank of england orjeremy hunt
In italy, the death tolljumps alarming levels of spread and to more than 200 as the government severity and by the alarming levels announces even stricter travel restrictions, to halt the spread. It comes after huge spending pledges ofan severity and by the alarming levels in the chancellors budget, including 12 billion of an action. We will focus on the to fight coronavirus. Whether it is millions of clowns or billions of pounds, whatever it situation and italy where doctors are telling as it is desperate and needs, whatever it costs, we stand behind our nhs. Millions of some of the hospitals where they are working. The uk government injects billions pounds or billions of pounds. Of pounds into the british economy and in new york, relief to help businesses affected for the women who took on hollywood by the spread of the virus. Mogul Harvey Weinstein, whether it is millions of pounds or as hes jailed for 23 years. Billions of good evening. Nhs england has said that a further two peopl
Financial journalist Claer Barrett, appeared on Lorraine today to discuss how you can track down missing pensions, which could be worth thousands of pounds.