most of the time patients have a great experience but we must not paper over the problems we face. we expect backlogs to rise before they fall. a teenager is arrested after a 15 year old boy was stabbed outside his school in huddersfield in west yorkshire. five british captives who were held by russian backed forces in ukraine are released in a prisoner exchange. ministers lift their ban on fracking in england in a bid to increase energy production but critics are warning about environmental damage and a risk of earthquakes. retiring tennis champion roger federer will play the final match of his career in a doubles team alongside his long time rival rafael nadal as part of the laver cup tomorrow. good afternoon and welcome to bbc news. interest rates have been raised to 2.25%, the highest level since 2008. it s the seventh consecutive time that they ve been increased by the bank of england, in an attempt to curb soaring prices. the rate has gone up from 1.75%. the bank of e
sarah pennells is a consumer finance specialist at royal london. she can tell us more. in terms of the people who have got mortgages, we heard from andy about what this will mean. those on trackers will feel it immediately. people on variable rate mortgages such as trackers or discounted rates or indeed the standard variable rate will see they are mortgage payments rise. with tracker rates it tends to be almost instant, with standard variable or discount rates there can be a bit of a lag but it tends to be weeks rather than months. for someone with a £200,000 mortgage on a standard 25 year term repayment basis, 0.5% rise will cost them roughly an extra £50 per month. that is bad enough for those on variable rate mortgages but as andrew was