good evening and welcome to bbc news. interest rates have gone up for the first time in a decade. the bank of england has increased the rate by a quarter of 1%, to 0.5%, as it tries to control inflation. the bank s governor mark carney said households across the uk are generally well positioned to deal with the rate increase. the decision will mean higher monthly payments for millions with variable rate mortgages. but it s good news at last for savers. here s our economics editor kamal ahmed. one small step upwards for interest rates, affect millions of savers and millions of borrowers. it s more expensive if you have a mortgage, and forjames in south london, it s time to cut costs. we ve been very lucky without realising it. i think it s going to start, it will probably bite more from now on. for so long we thought, it s always going to be like this, but it s got to end sometime and we never realised it was going to be this soon. the governor of the bank of england knew it
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