are mortgage payers. we have reaction from jeremy hunt. he s got one joh ian lives off his pension but after squirrelling away money his whole working life, he has got a small savings pot tucked away. what impact are those rising rates having for you? thank you! you are rejoicing, then, today? as a saver, for the last ten years, i have had 0.1% on my savings, literally nothing. it doesn t pay your bus fare. interest rates going up, for me, is manna from heaven and it is about time. if you are looking to make the most of your savings at the moment, then do take a look at the bbc news website tackling it together pages. there s lots of useful information and advice. you re unlikely to get the best deals from the big high street names at the moment, so look around at the smaller banks and building societies, often offering much more in interest, particularly if you can lock away your money for a fixed period of time. but across the pennines in north yorkshire, scott and sarah are not fe
there. as we ve been telling you on the bbc, the bank of england has hiked its key interest rate yet again. this is its 14th back to back increase, and the central bank has warned that borrowing costs will likely stay high for some time. but how will this impact savers? 0ur cost of living correspondent colletta smith met some who could benefit. at 5.25%. .. yes! - interest rates are up and there s plenty of people who are delighted. there s far more savers in the country than there are mortgage payers. we have had some reaction from jeremy hunt. - he s got onejob. ian lives off his pension, but after squirrelling away money his whole working life, he has got a small savings pot tucked away. what impact are those rising rates having for you? thank you! you are rejoicing, then, today? as a saver, for the last ten years, i have had 0.1% on my savings, literally nothing. it doesn t pay your bus fare. interest rates going up, for me, is manna from heaven and it is about time.
if my voice is stolen, if my image is stolen, my career is over. the government told the bbc that al would create new, highly paid jobs, and that it was working with businesses and regulators to ensure al was used safely and responsibly. simon jack, bbc news. the average mortgage price has dropped slightly after yesterday s surprise drop in inflation. recent months have seen the bank of england put up interest rates in an attempt to curb soaring costs for shoppers which has affected millions of mortgage payers. ministers are considering putting extra conditions on banking licences after a row over the closure of brexiteer nigel farage s account at coutts. it follows reports that lenders could lose their permits if they cut ties with customers because they disagree with their political views. mr farage has accused coutts of lying about its decision, saying he was cancelled
that side than his topic the fact that countries like the us europe and elsewhere are seeing more success on the inflation data gives me confidence in the uk, we will see a similar trend as well. if uk, we will see a similar trend as well. ., , ., as well. if we do see that trend and as well. if we do see that trend and let s as well. if we do see that trend and let s hope - as well. if we do see that trend and let s hope we | as well. if we do see that. trend and let s hope we do little comfort to those mortgage payers who have had to commit to a two year fixed or whatever at a very, very high rate, at a 15 year high, locked into those payments for another two years or more, therefore they will feel the pain a lot longer, even if inflation does come down, as many hope swiftly in the months ahead? in the months ahead? that s absolutely in the months ahead? that s absolutely right, in the months ahead? that s absolutely right, the - absolutely right, the difficulty we have here
bring down inflation? yes, i support the bank of england. their- bring down inflation? yes, i supportl the bank of england. their modelling is a matter the bank of england. their modelling is a matter for them and it is right that they is a matter for them and it is right that they are having that dialogue and evaluating everything they do but of and evaluating everything they do but of course i support them. the track but of course i support them. the track record but of course i support them. the track record of the bank of england over the track record of the bank of england over the past 20, 25 years, has been very strong over the past 20, 25 years, has been very strong i over the past 20, 25 years, has been very strong. i don t think anyone thinks very strong. i don t think anyone thinks we very strong. i don t think anyone thinks we should return to a world where thinks we should return to a world where the thinks we should return to a world where the governme