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BBCNEWS BBC July 4, 2024

Pain it also causes. The background to this is high inflation, we have a sequencing that Around The World, particularly sticky, or at least has been here in the uk. That is why the bank has been increasing Interest Rates to try and curb the spending and get that Inflation Rate down. Should they continue to do that today, on the one hand, we have an Inflation Rate in the uk that has been easing a little, and when you dig into some of the details, to look at Producer Price inflation, thatis look at Producer Price inflation, that is further down the supply chain, that is the price is that manufacturers and factories might be paying, suggestions are it could ....

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BBCNEWS BBC News June 4, 2024 09:32:00

In the uk set lower there than in the uk. they are still considering with the interest heights. you asked about the impact on mortgage holders, you have a standard variable rates, they are very used to this now, after 30 interest rate hikes interest rate hikes, their monthly cost will go up straightaway, but the key now is that 800,000 people who have got a fixed rate deal, many of those young families, who flopped onto the housing ladder, maybe a couple of years ago, and with pretty low interest rates, those fixed deals coming in in the second half of the year, they are likely to face a big jump year, they are likely to face a big jump in their costs. of course, it is notjust mortgage holders come in as renters who perhaps have got landlords who got their own mortgages whose costs have gone up. perhaps the rent has gone up. loans for businesses, many of whom took out loans during the pandemic and are still in recovery mode, and of course, the reality of this is that the reality is ....

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