Rates have gone up again, for the 14th time in a row. The Bank Of England has put up its main rate from 5 to 5. 25 . That will mean higher mortgages for some people, but its also good news for savers. The Bank Of England is using Interest Rate rises to fight inflation, which has slowed recently, but which is still nearly 8 . Our economics correspondent andy verity reports the father of two, peter, keeping up the payments for his familys mortgages looking like anything but childs play. They bought their home under the governments help to buy scheme, but since then Interest Rates have risen 1a times. When his fixed rate deal expires early next year, the payments willjump. Somehow we are supposed to spend less and find an extra £750 per month to pay for that. For many families it is a terrifying situation, but if you have a young family like ourselves, who have been swayed into the Housing Market by government who has advertised help to buy as an affordable scheme, right, when things bec
on rail, which has limited people s ability to make trips. and then, of course, the rise in interest rates that we ve seen recently has started to really hit home injuly. it s looking a bit brighter here on london s main shopping street today. these footfall figures don t tell you anything about actual spending, of course. there s always online, and when it comes to bad weather, not everyone s complaining. this soft play centre in dudley has just had their busiest month in 19 years. i ve never known a july like it. we re just, we ve been constantly busy now for four weeks. the admission numbers are up and we are getting a lot of new customers, or people who maybe wouldn t normally come to soft play. but for many other high street businesses, the weather has put a dampener on visits. emma simpson, bbc news. wilko, one of the uk s biggest discount retail chains, is heading towards administration.